On July 21, 2022, Hampton Roads Sanitation District (HRSD) Commissioners and staff gathered with state and local representatives at the HRSD James River Treatment Plant in Newport News to break ground on the first full-scale Sustainable Water Initiative for Tomorrow (SWIFT) facility.
York County borrowed $32.2 million from the spring 2022 Virginia Pooled Financing Program issuance pool for several capital projects. The County secured the 20-year loan with a lease revenue pledge. Theresa Owens, York County Director of Finance, had this to say about the financing: “It is great to work with VRA again. They always make the financing process seamless while securing very competitive rates. This was especially important considering these are some of the largest projects we’ve done in the past few years.”
Western Virginia Water Authority Borrows from Clean Water Revolving Loan Fund for Innovative Biogas Project
The Western Virginia Water Authority (Authority) and Roanoke Gas Company (Roanoke Gas) have entered into a cooperative agreement to produce commercial quality renewable natural gas, or RNG, from biogas produced at the Roanoke Regional Water Pollution Control Plant (WPC Plant). This RNG product, the first of its kind in the Commonwealth, will necessitate construction of a digester gas conditioning system and interconnect facility at the WPC Plant. Representatives from the Authority, Roanoke Gas and the community broke ground on this phase of the project on May 17, 2022.
At more than 20 years old, Lunenburg County’s current radio system is outdated and has limited operability, requiring a full-scale system replacement.
The Town of Strasburg has secured financing from VRA for a new project involving the replacement of water lines, and an expansion of a road that will increase ease of access to the Northern Shenandoah Business Park. The Town pledged its General Obligation, or full faith and credit, to borrow $2.39 million through the Virginia Pooled Financing Program to be repaid over 20 years.
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August 4, 2022