Missouri DNR Awards $640M Loan to MSD
Date Posted: December 3, 2024
Posted In: News,
From St. Louis Business Journal: St. Louis’ sewer district will receive the largest loan in the history of Missouri’s clean water fund — equal to almost the entire current balance of the state’s fund for similar projects.
The Missouri Department of Natural Resources announced Monday that it had awarded a $640 million loan to the Metropolitan St. Louis Sewer District to upgrade its wastewater system. The loan covers the entire cost of the project and will save ratepayers in the district about $402 million in interest payments over the 30-year term of the loan, the release says.
The project includes replacing incinerators at two wastewater treatment facilities to reduce air pollution and new solids processing buildings. It’s expected to be completed by December 2028.
The Metropolitan St. Louis Sew District’s executive director, Bret Berthold, said in the release it was the largest project the district had ever undertaken.
“It will significantly improve air quality, reduce emissions and support a healthier future for our region,” Berthold said.