USDA approves $46M in loans for Jamestown hospital Eds: APNewsNow.

JAMESTOWN, N.D. (AP) Construction of the Jamestown Regional Medical Center is expected to begin this fall, thanks to $46 million in loans from the U.S. Department of Agriculture.

The hospital's board announced on Friday that it was awarded the loans.

Board chairman Harvey Huber said the money will allow construction of the $52 million hospital to begin soon. The project is expected to take 20 months to complete.

The USDA approved $31 million in direct loans and $15 million in guaranteed bank loans for the project through its Community Facilities Program.

Information from: The Jamestown Sun, http://www.jamestownsun.com (Copyright 2009 by The Associated Press. All Rights Reserved.) APNP 10-31-09 1804CDT | save this article / add to your favorites list