Governor Hochul awards $55.4 million for water infrastructure projects across New York
(UI) — Governor Kathy Hochul has announced $55.4 million in funding for water infrastructure improvement projects, the latest action to upgrade New York's water and sewer systems, reduce water pollution, and safeguard vital drinking water supplies.
The New York State Environmental Facilities Corporation board of directors approved low-cost financing and previously announced grants, authorizing municipal access to the capital needed to get shovels in the ground for four critical drinking water and sewer projects. The board also approved low-cost long-term financing for six completed projects, providing debt relief through lower interest rates than if the municipalities had borrowed on their own.
"Every New Yorker deserves access to clean drinking water and properly functioning sewer systems," Governor Hochul said. "This $55 million investment will not only improve our water infrastructure but also create healthier communities across New York. We will continue to take steps toward improving our water quality and supporting a healthy and prosperous future for all New Yorkers."
The board's approvals include financings through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund, as well as grants already announced pursuant to the Water Infrastructure Improvement (WIIA) program. Funding for water infrastructure from the federal Bipartisan Infrastructure Law is administered by EFC through the State Revolving Fund programs.
Through this funding, EFC will provide a grant and interest-free financing to the Albany Municipal Water Finance Authority, with funds coming from the federal Bipartisan Infrastructure Law and a state water infrastructure grant. The $3.75 million project will prevent water from the Hudson River from entering sewer infrastructure during high water events.
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