Maryland Environmental Service can help our clients finance environmental projects. We have helped finance landfills, solid waste transfer stations, water and wastewater facilities and recycling facilities.
MES can help with equipment lease financing for the projects we operate and has the authority to issue taxable and tax-exempt debt to finance both large and small capital projects. Debt terms can be structured so that debt service is based on project revenues or other funds made available to MES.
MES also has the legal authority to create service districts that combine smaller utility services and provide more efficient services for communities. For example, the Darlington Water System, constructed in the 1950s, had long served the needs of the Darlington community. However, like any system, time and use took its toll and in the mid-1990s the system was desperately in need of repairs and upgrades. Harford County approached MES about purchasing the system and improving it to ensure that Darlington residents would maintain a high level of water service. MES agreed to the purchase and, in 1998, began to retrofit the water system. The Maryland Department of the Environment helped fund the retrofit through a grant and MES helped secure the rest of the funding necessary to modernize the system. To this day, MES continues to operate the service district.
For more information about financing an environmental project please contact Beth Wojton.