Lexington, Kentucky, Jul 10, 2013 -- USDA Rural Development State Director Tom Fern has announced $720,000 in USDA funds ($504,000 loan/ $216,000 grant) to upgrade the Edmonson County Water District’s infrastructure. The United States Department of Agriculture remains focused on carrying out its mission, despite a time of significant budget uncertainty. Today’s announcement is one part of the Department’s efforts to strengthen the rural economy.
Rural Development funds will be used to improve the existing water distribution system, including improvements to the raw water intake screen at the water treatment plant, the replacement of two booster pump stations, and the installation of approximately 2.3 miles of waterline, in order to provide a safe and dependable water supply for 9 new customers and for approximately 9,976 existing customers in rural Edmonson County. The repayment terms for the loan portion are forty years at an interest rate of 2.125 percent. The USDA funds will be supplemented by funding through the Commonwealth of Kentucky. The total project cost is estimated to be $895,000.
“USDA is committed to ensuring a clean, safe and reliable water supply for rural Kentuckians,” said Fern. “USDA is proud to work in partnership with our state partner and the Edmonson County Water District to make these important upgrades to the community’s water system.”
For information on other projects funded by USDA Rural Development, please visit Rural Development’s interactive web map featuring program funding and success stories for fiscal years 2009-2012. The data can be found at: http://www.rurdev.usda.gov/RDSuccessStories.html.
President Obama's plan for rural America has brought about historic investment and resulted in stronger rural communities. Under the President's leadership, these investments in housing, community facilities, businesses and infrastructure have empowered rural America to continue leading the way – strengthening America's economy, small towns and rural communities.
USDA’s investments in rural communities support the rural way of life, which stands as the backbone of our American values. President Obama and Agriculture Secretary Tom Vilsack are committed to a smarter use of Federal resources to foster sustainable economic prosperity and ensure the government is a strong partner for businesses, entrepreneurs and working families in rural communities.
USDA, through its Rural Development mission area, administers and manages housing, business and community infrastructure and facility programs through a national network of state and local offices. These programs are designed to improve the economic stability of rural communities, businesses, residents, farmers and ranchers and improve the quality of life in rural America.
USDA has made a concerted effort to deliver results for the American people, even as USDA implements sequestration – the across-the-board budget reductions mandated under terms of the Budget Control Act. USDA has already undertaken historic efforts since 2009 to save more than $828 million in taxpayer funds through targeted, common-sense budget reductions. These reductions have put USDA in a better position to carry out its mission, while implementing sequester budget reductions in a fair manner that causes as little disruption as possible.