F-M Diversion Applies For Loan That Could Save Project $600 Million
FARGO, N.D. – The Fargo-Moorhead Diversion Board of Authority applies for a $510 million Water Infrastructure Finance and Innovation Act loan for comprehensive flood protection. The WIFIA loan removes the risk of increasing interest rates and provides lower rates than other financing options. It also allows the Diversion Authority to draw down funds as needed, which can make for less debt….