Millions awarded again to help fund replacing lead service lines in Logansport
Last Updated on July 23, 2024 by Cass County Communication Network
SOURCE: News release from Logansport Utilities
Logansport Utilities (LU) has again been awarded millions of dollars from the state to help fund the replacement of Logansport’s lead water service lines.
The “State Revolving Fund (SRF) Loan Program” provides grant money and low-interest loans to Indiana communities for projects that improve wastewater and drinking water infrastructure.
LU first applied for SRF funds back in 2022, being awarded 7.1 million dollars in grant money, beginning the water service line replacement work across the city in 2023.
The utility company applied with the state again, and the SRF agreed to fund 5 million of the company’s requested 8 million dollars, with 2.5 million dollars in grant money (which will not have to be repaid) and then 2.5 million dollars in loans with zero interest for 20 years.
In Logansport Utilities’ continuous mission to bring safe, clean, and reliable drinking water to Logansport residents, the company will continue to apply for SRF funds yearly to help replace 4,500 service lines in the city. The project has been overwhelmingly successful for those impacted by the new water lines with improved quality water and higher water pressure in their homes and businesses.
LU will be accepting construction bid submissions for this next round of water line replacement work
later this year.
SOURCE: News release from Logansport Utilities