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Water Project Loan Program - Project Data <br />Borrower: Grand River Ditch Company <br />Project Name: Grand River Ditch Pipeline <br />Drainage Basin: Colorado River <br />Total Project Cost: $538,000 <br />Type of Borrower: Blended <br />(Ag, Mid-Muni, Commercial) <br />CWCB Loan: $543,380 (incl. 1% loan fee) <br />County: Garfield <br />Project Type: Ditch Rehabilitation <br />Water Source: Colorado River <br />Funding Source: Construction Fund <br />Aver. Diversion: 14,500 AF <br />Interest Rate: 4.20% Term: 30 years <br />The Grand River Ditch Company (Company) operates the Grand River Ditch by providing direct <br />flow irrigation water from the Colorado River. The ditch is 14 miles long and runs on the north side <br />of the river from three miles west of New Castle to about a mile east of Rifle. In the spring of 2010, <br />a retaining wall that protects the ditch from the river collapsed. The Company plans to repair the <br />ditch by piping the damaged section, and by installing riprap and rock jetties in the river. <br />Construction is expected to begin October 2010. NRCS has provided design engineering services for <br />the Project. The Company has been approved for a$100,000 grant from the USDA Farm Service <br />Agency Emergency Conservation Program for this Project. Applications for additional grants have <br />been made to the local Basin Roundtable WSRA. CWCB loan funding will allow for an initial loan <br />for 100% of construction costs which will be reduced by the grant dollars received. The remaining <br />balance will become a 30-year CWCB Loan. <br />Location Map <br />