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Add to Preferred SourcesU.S. Secretary of Agriculture Sonny Perdue announced that the U.S. Department of Agriculture (USDA) is investing $1.4 billion in projects in 21 states to build and improve rural electric infrastructure.
“Modern and reliable electric infrastructure has been a cornerstone to rural prosperity since the Rural Electrification Act of 1936,” Secretary Perdue said. “This funding we are providing is critical to rural communities and reflects President Trump’s commitment to increasing prosperity across all of rural America. When rural America thrives, all of America thrives.”
The financing will help build and improve 6,886 miles of line to strengthen reliability in rural areas. The loans include $255.8 million for investments in smart grid infrastructure that uses digital communications technology to detect and react to local changes in electricity usage.
Original source: USDA
Published on 01 November 2019