USDA Announces First Private Sector Investments through U.S. Rural Infrastructure Opportunity Fund

Source: United States Department of Agriculture, Release No. 0218.15, July 28, 2015

Agriculture Secretary Tom Vilsack today announced the first round of investments in rural infrastructure projects through the U.S. Rural Infrastructure Opportunity Fund. Through the Fund and its expanded public-private partnerships, USDA has facilitated the investment of nearly $161 million in private capital 22 critical water and community facilities projects in 14 states… Investments include 11 community facilities projects in Colorado, Illinois, Minnesota, Mississippi, North Carolina, Pennsylvania, South Carolina, South Dakota and Wisconsin, including building new nursing homes, constructing new preschool and day care facilities, constructing a new facility for a rural ambulance service that covers a 685 square mile area in South Dakota, and building or upgrading two new critical access hospitals in rural Illinois and North Carolina. In addition, the Fund invested in 11 critical water projects in California, Kansas, Mississippi, North Dakota, Ohio, South Carolina, South Dakota and Texas. Projects include upgrades to existing water systems and the construction of a new reservoir. At least 38 additional critical infrastructure projects are in the pipeline for investment. …