$3.3 million loan awarded for improvements to Ebensburg’s stormwater system

HARRISBURG, Jan. 24 -- State Rep. Frank Burns announced Ebensburg is receiving a $3.3 million low-interest loan to help with flooding, ponding and erosion in the North Beech Street and Randolph Avenue area.

The low-interest loan was awarded by the Pennsylvania Infrastructure Investment Authority so the Ebensburg Municipal Authority can install a new stormwater collection and conveyance system, and replace deteriorated culvert pipes.

“In that area during rainstorms, low-lying areas become inundated and culverts get backed up,” Burns said. “This problem can exacerbate flooding and potentially cause structural damage. This low-interest loan will save ratepayers from a huge increase in their rates as the loan will provide the grant-equivalent of $1.13 million over the life of the loan.”

The Pennvest loan will carry a 1% interest rate for the first five years and a 1.74% rate on the remaining 15 years.

Pennvest specializes in funding sewer, storm water and drinking water projects across Pennsylvania. Pennvest’s low-cost financial assistance helps safeguard public health by making the water that is consumed every day by thousands of Pennsylvanians safe to drink.