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USDA investing $309 million in rural electricity

Staff Writer | June 8, 2018
Assistant to the Secretary for Rural Development Anne Hazlett announced that USDA is investing $309 million in 16 projects to improve rural electric infrastructure in 12 states.
America farm
America   USDA is funding infrastructure improvements
The loans are being made through USDA’s Electric Infrastructure Loan and Loan Guarantee program. It helps finance generation, transmission and distribution projects; system improvements; and energy conservation projects in communities with 10,000 or fewer residents.

This investments will build or improve 1,660 miles of electric line serving rural homes, farms and businesses.

USDA is funding infrastructure improvements for utilities in Alabama, Arizona, California, Colorado, Iowa, Kansas, Missouri, North Carolina, New Mexico, Ohio, South Dakota and Washington.

Funding for these loans was included in the FY 2018 Omnibus spending bill. It allocates significant resources for infrastructure investments, including $6.25 billion to USDA for electric loans.

The measure also directs Secretary Perdue to make investments in rural communities with the greatest infrastructure needs.

In addition to funding in the 2018 Omnibus bill, President Trump has proposed a $200 billion infrastructure investment plan that allocates 25 percent ($50 billion) to rural projects.


 

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