State loans Cleveland money to improve water infrastructure
NASHVILLE (WDEF) – Governor Bill Lee on Tuesday announced a loan to the city of Cleveland to improve their water infrastructure.
The money will be used to fix unwanted infiltration into the city’s sewer system.
It is a 20 year term loan with just 0.73% interest.
The State Revolving Fund Loan Program gives local government the cash they need for big projects at lower interest rates than they can get on the open market.