GOVERNOR KAINE ANNOUNCES $185 MILLION INVESTMENT IN CHESAPEAKE BAY CLEAN-UP BY VIRGINIA RESOURCES AUTHORITY
~ From 2007-2009, investments total more than $810 million ~
RICHMOND – Governor Timothy M. Kaine today applauded the Virginia Resources Authority’s (VRA) issuance of Clean Water Revolving Loan Fund Bonds to finance $186,186,610 in wastewater treatment and sewer system infrastructure and upgrades statewide. VRA’s total investment in nutrient removal for the Chesapeake Bay for FY 2007-09 in all programs now exceeds $810 million.
“The Commonwealth has dedicated more than $1 billion to cleaning up the Chesapeake Bay since the start of my term, and we have made fighting pollution one of our core concerns,” Governor Kaine said. “By issuing these bonds, the VRA continues to be our close partner in all of our efforts.”
“These VRA investments are integral to the work we are doing to restore the health of the Bay,” said Virginia Secretary of Natural Resources L. Preston Bryant, Jr. “VRA represents the third and critical leg of our sewage treatment plant funding strategies, rounding out what the state provides localities in out-right grants and other low-interest loan programs.”
Virginia , along with Maryland , Pennsylvania , the District of Columbia , and the U.S. Environmental Protection Agency, are all signatories to the Chesapeake 2000 Agreement, which calls for each state to reduce by 40% the level of nutrients going into the Chesapeake Bay by 2010.
“Virginians have a very strong emotional connection to our water resources and these bond-supported projects will make the Chesapeake Bay and Virginia ’s rivers cleaner,” said Sheryl Bailey, Executive Director of the Virginia Resources Authority. “A cleaner Chesapeake Bay and cleaner rivers will enhance the quality of life where Virginians live, work and play.”
Virginia Resources Authority partners with the Department of Environmental Quality (DEQ) to provide below-market rate loans for eligible local government projects.
“Despite the difficulties of providing funds during the current economic concerns for state budgets, the availability of this money maintains Virginia ’s momentum toward improving the health of the Bay,” DEQ Director David K. Paylor said. “Thanks to the invaluable assistance of VRA, we are resolving our most pressing water quality challenges.”
For more information on the Virginia Resources Authority, visit their website at www.virginiaresources.org. Specifics on the projects follow, including contact information for media interviews for localization of the story.
Virginia Clean Water State Revolving Fund Revenue Bonds
Subordinate Series 2009 Project Descriptions
Arlington County – This is the fifth loan installment in the CWRLF for upgrades at the Arlington County Water Pollution Control Plant to meet the Commonwealth’s 2010 Chesapeake Bay regulations. The project will minimize the frequency and volume of external bypasses, improve treatment capabilities, address aging infrastructure, increase redundancy and reliability, and meet projected flow requirements.
Larry Slattery, Water Pollution Control Bureau Chief 703-228-6877 email@example.com
Phil Loar, Community Relations Specialist 703-228-6867 firstname.lastname@example.org
Shannon Whalen McDaniel, Communications Manager 703-228-3685 email@example.com
Mylissa Kennedy, Communications Manager 703-228-3152 firstname.lastname@example.org
Alexandria Sanitation Authority – The loan will fund the Authority’s portion of upgrades to meet the Commonwealth’s 2010 Chesapeake Bay regulations at the Arlington County Water Pollution Control Plant.
Contact: Karen Pallansch, General Manager 703-549-3381 email@example.com
City of Falls Church – The loan will fund the City’s portion of upgrades to meet the Commonwealth’s 2010 Chesapeake Bay regulations at the Arlington County Water Pollution Control Plant.
Contact: John Tuohy, CFO/General Manager 703-248-5092 JTuohy@fallschurchva.gov
Augusta County Service Authority – The loan will fund upgrades to Stuarts Draft Wastewater Treatment Plant which will provide nutrient removal to meet the Commonwealth’s 2010 Chesapeake Bay regulations.
Contact: Debbie White, Director of Finance 540-245-5670 firstname.lastname@example.org.
Hampton Roads Sanitation District – (three projects) —
- This project is expected to receive funding from the Water Quality Improvement Fund and FY 2009 CWRLF funds.
- This is an innovative treatment process, one of the first of its kind in the state.
Contact: Bruce W. Husselbee , PE , Director of Engineering 757-460-7012 email@example.com
Town of Lovettsville – The loan will provide for upgrades to address inflow and infiltration and improvements to the wastewater collection system.
Contact: Keith Markel, Town Manager 540-822-5788 firstname.lastname@example.org
City of Newport News – The loan will provide for sanitary sewer upgrades and rehabilitation, as well as pump station renovation.
Contact: Steve Williams, Senior Engineer 757-269-2493 email@example.com
Rivanna Water & Sewer Authority – The loan will fund upgrades to Moores Creek Advanced Wastewater Treatment plant which will provide nutrient removal to meet the Commonwealth’s 2010 Chesapeake Bay regulations.
Contact: Tom Frederick, Executive Director 434-977-2970, ext. 103 firstname.lastname@example.org
Stafford County – The loan will fund nutrient removal enhancements at the Aquia Wastewater Treatment Plant to meet the Commonwealth’s 2010 Chesapeake Bay regulations.
Contact: Cathy Riddle, Public Information Administrator 540-658-4894 email@example.com
City of Salem – The loan will fund upgrades to the city’s collection system to address sanitary sewer overflows and bypasses at the treatment plant.
Contact: Mike Stevens, Communications Director 540-375-4112 firstname.lastname@example.org
Frederick-Winchester Service Authority – The loan will provide for upgrades to the Opequon Water Reclamation Facility to provide nutrient removal to meet the Commonwealth’s 2010 Chesapeake Bay regulations.
Contact: Jesse Moffett, Executive Director 540-722-3579 email@example.com
About the Virginia Resources Authority:
- Effective July 1, 2009, VRA will also service loans in support of site acquisition and site development and administrative and operational systems for local government buildings.
Since its inception, VRA has funded more than 800 critical projects across the Commonwealth representing more than $3.75 billion of investment in Virginia ’s communities. VRA’s cost-effective and custom-tailored financing solutions are often what make local and regional projects possible. These financing solutions draw on VRA’s unique ability to issue bonds backed by the moral obligation of the Commonwealth and to provide revolving fund loans to localities at below-market interest rates. The VRA staff offers extensive experience and expertise in a variety of financing techniques and the staff provides ongoing assistance and oversight to localities and their public projects.
This ability to maximize value for local communities with cost-effective and innovative financing options has made VRA a major strategic partner for Virginia communities.
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