WEB water receives loan from Department of Ag and Natural Resources

The South Dakota Department of Agriculture and Natural Resources has awarded the Board of Water and Natural Resources $167,247,512 in grants and loans for drinking water, wastewater and solid waste projects across the state. Over $9 million of that will be given out in the form of grants and $158 million will be given out in the form of low interest loans. $16,547,989 of that in principal will be forgiven. Included in the loans was WEB Water who received $39,650,000 Drinking Water State Revolving Fund. The money will be used to construct parallel transmission mains. This is aimed at increasing transmission of water and is part of the Water Investment in northern South Dakota. The loan is at 1.87 interest for 30 years.