Mayor Cantrell Issues Statement On City's $22 Million Investment In Sewerage And Water Board Infrastructure Improvement

New Orleans LA

15 April, 2022

12:30 PM

Description

Press release from the City of New Orleans: April 12, 2022 NEW ORLEANS — Mayor LaToya Cantrell today signed a Cooperative Endeavor Agreement (CEA) with the Sewerage and Water Board of New Orleans (SWBNO) to invest $22 million in bond funding to purchase two additional Static Frequency Changers, along with auxiliary power equipment. "Today, I signed a CEA to fund two additional frequency changers for the SWBNO to invest in our infrastructure and keep this city safe for future hurricane seasons to come," said Mayor Cantrell. "This is action and made possible with City Bond dollars approved by residents in 2019. With the sale of these bonds and because of our good credit score, this funding will go a long way as an investment right back into the SWBNO. Progress will continue to be made, and we will continue to prioritize improving our aging infrastructure." This equipment will be used at the Board's Carrollton Water Plant facility in connection with any existing and proposed power generation equipment, as well as the future electrical substation. This press release was produced by the City of New Orleans. The views expressed here are the author's own.