Wednesday 8:38pm
October 22, 2014
Currently 58°F
Posted: Tuesday, June 19th 2012 at 4:13pm

Demorest approved for GEFA loan

By Derreck Booth Editor
EMAIL STORY CONTACT EDITOR PRINT
click to enlarge
ATLANTA - The Georgia Environmental Finance Authority (GEFA) Tuesday announced financing for several projects, including one in Demorest.

Demorest was approved for a loan of $3.3 million to replace 30,500 feet of water line and install 4500 feet of new water line. It also includes replacing over 5500 old water meters with new radio meters.

The 20-year loan comes at 1.63 percent interest. This loan qualifies for a reduced interest rate because portions of the project will conserve water, according to GEFA.
Associated Categories: Homepage, Business News, Local/State News

© Copyright 2014 AccessNorthGa.com
All rights reserved. This material may not be published, broadcast, rewritten, or redistributed without permission.


  • Click here
  • Click here
  • Click here
  • Click here
  • Click here
0.080843
icon
58°F
Gainesville, GA 30501
Clear
Wind: WNW 7 mph
Dew point: 43°F