NM awards $27M water infrastructure loan

ALBUQUERQUE, N.M. (AP) — The New Mexico Environment Department is loaning the city of Portales $27 million to revamp its wastewater system.

Environment Secretary Ryan Flynn says it’s one of the largest loans the department has ever made, and it’s part of an effort by the Martinez administration to improve aging water infrastructure around the state.

Flynn acknowledges that three years of extreme drought have prompted more communities to reach out for help.

Ten communities have already been awarded loans through the Clean Water State Revolving Fund, and state officials say another 10 projects have been reviewed.

Flynn pointed to a survey by the American Society of Civil Engineers that puts a $922 million price tag on needed investments in New Mexico’s water infrastructure over the next 20 years.

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