Governor Hochul reveals first round of New York water projects to receive $176 million assistance
(UC) — Governor Kathy Hochul on Thursday announced the first projects in New York State to receive $176 million in financial assistance for clean water infrastructure improvements as part of funding under the Bipartisan Infrastructure Law.
The 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 critical drinking water and sewer projects. The board also approved long-term financing conversions that provide debt interest relief for municipalities on completed projects.
"New York continues to provide unprecedented financial support to help communities upgrade water systems and improve water quality," Governor Hochul said. "Combined with our state's nation-leading clean water investments, this first round of Bipartisan Infrastructure Law funding will help modernize water infrastructure in Liberty and Newburgh and improve water quality throughout these communities."
Of the funding announced today, the Town of Liberty in Sullivan County and the city of Newburgh in Orange County will receive the first funding from the Bipartisan Infrastructure Law for clean water infrastructure in New York State. Approved Bipartisan Infrastructure Law funding for the Town of Liberty includes a $6.9 million grant and $6.9 million short-term interest free financing as part of an $18 million financial assistance package that also includes a $4.5 million Water Infrastructure Improvement grant. The funding will be used to expand and upgrade the Swan Lake Wastewater Treatment Plant.
The Board also approved Bipartisan Infrastructure Law funding for the city of Newburgh, including a $3.5 million grant and $2.5 million interest-free financing as part of a $17 million financial assistance package that also includes grants from the Water Infrastructure Improvement program and the Clean Water State Revolving Fund. The funding will help the city undertake a $31 million project that will increase the ability of the city's wastewater treatment plant to treat wet weather flows and protect water quality in the Hudson River.
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