Governor Hochul approves $51 million for clean water, drinking infrastructure projects in New York
(UI) — Governor Kathy Hochul has approved $51 million in financing to advance important water and sewer infrastructure projects. The funds will help with system modernization, the removal of new pollutants from drinking water, and the replacement of lead service connections.
The Board also approved a $573 million in financing for the New York City Municipal Water Finance Authority (NYCMWFA) that will refinance short-term financings for 11 NYCMWFA wastewater and drinking water projects and refund prior EFC bonds that funded NYCMWFA projects. It is estimated that the refunding will save New York City ratepayers approximately $22 million over the next 10 years.
"New York is committed to providing communities with the resources needed to upgrade water systems and improve water quality," Governor Hochul said. "We are continuing our nation-leading clean water investments with $500 million for clean water infrastructure in this year's budget helping to protect the health and safety of our residents, preserve our environment, and improve quality of life for all with access to safe, reliable and clean water."
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