The City of Moline will get a $43.6 million low-interest loan from Illinois, to improve the city's North Slope Waste Water Treatment Plant.
The plant is on the border of Moline and Rock Island, near Sylvan Island.
The plant, which cleans sanitary sewer flow on the north end of Moline, is considered out-of-date and in need of renovation and upgrades.
Utility General Manager Greg Swanson says the city will save more than $8 million by avoiding the need for general obligation bonds to fund the project. Swanson said that could help keep utility bills lower for residents.
Construction on the waste water plant was expected to start in November 2014 and the project was slated to be completed in the summer of 2017.
At the same time the Moline loan was announced, Illinois Gov. Pat Quinn awarded the city of Rock Island an $11 million low-interest loan for construction of a relief sewer to intercept rainfall and snowmelt along 6th Avenue between 24th and 6th streets. New sewer mains and drinking water mains will also be installed as part of the Rock Island project, which was expected to be completed in the fall of 2015.