02.03.06

Burr Announces $18 Million for Lenoir County

Funds to assist with water treatment and distribution

WASHINGTON, D.C. - Senator Richard Burr today announced $18,376,967 in federal funding for the Neuse Regional Water and Sewer Authority (NRWSA) in Kinston. The funding will provide a loan of $13,750,000 and a grant of $4,626,967. The United States Department of Agriculture Rural Development Project awarded the funds.

"USDA Rural Development funds are important to ensuring effective water treatment and distribution systems in North Carolina communities," said Senator Burr. "These funds will help Lenoir County expand and prosper."

USDA Rural Development funds for the Neuse Regional Water and Sewer Authority will provide financing to complete the regional water treatment plant, storage facility, and distribution system. Funding for this project began in FY 2003. Upon completion, this project will provide potable water service to 36,419 residential users and 419 other users.

The loan will be over 40 years at 4.500 percent.