Sewerage & Water Board Audit Committee Meeting Agenda Sept 2025
$43 Million in LDEQ Loans Approved for Wastewater and Metering
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Description
The Sewerage and Water Board secured over $43 million in low-interest loans from the Louisiana Department of Environmental Quality in 2024 to support critical wastewater treatment and smart metering infrastructure upgrades. The principal is repayable from 2025 through 2045, with semiannual interest and administrative fees.
Contract Details
Contract Amount
$38,948,200 (2024A loan); $5,000,000 (2024B loan)
Vendor
LOUISIANA DEPARTMENT OF ENVIRONMENTAL QUALITY
Agency
Sewerage & Water Board of New Orleans, LA
Contract Type
FINANCIAL_SERVICES
Document Date
September 10, 2025
Contract Term
2024–2045 (principal payments begin 2025, loans mature 2045)
Renewal Date
2045-12-31
Renewal Info
Standard government infrastructure loan. Annual repayments through maturity in 2045.
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AMENDEDIssuing Agency
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Special District
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