$26M SRF Loan Approved for Gravity Upgrade Project
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Description
ReWa approved a $26.78 million State Revolving Fund loan from the South Carolina Water Quality Revolving Fund Authority to finance Phase 1B Swamp Rabbit Gravity Upgrade. Repayment over up to 20 years from net system revenues.
Contract Details
Contract Amount
$26,777,982 plus capitalized interest
Vendor
SOUTH CAROLINA WATER QUALITY REVOLVING FUND AUTHORITY
Agency
Renewable Water Resources, SC
Contract Type
FINANCIAL_SERVICES
Document Date
March 24, 2026
Contract Term
Up to 20 years from first payment due date (anticipated)
Renewal Date
2046-03-27
Renewal Info
20-year loan; no renewal or extension; repayment per note and agreement.
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