New York secures $665 million for water infrastructure improvements
(UI) — Governor Kathy Hochul has announced that the Environmental Facilities Corporation (EFC) Board of Directors has approved $665 million in financial assistance for water infrastructure projects across New York State.
This funding will help municipalities access low-cost financing and grants for crucial environmental infrastructure improvements, including projects to remove emerging contaminants from drinking water.
“No one in New York should ever fear that they don’t have access to clean water,” said Governor Hochul. “This funding safeguards the health of New Yorkers, boosts local economies, creates jobs, and protects our natural resources.”
Of the total, more than $450 million will go to New York City for 13 sewer projects. These funds will minimize the financial burden on local ratepayers while advancing the city’s clean water goals. Earlier this year, EFC executed a $717 million bond sale to further support water projects, saving New York City ratepayers $183 million.
EFC President and CEO Maureen A. Coleman emphasized the corporation’s commitment to ensuring safe, affordable water for all New Yorkers. "From the North Country to New York City, EFC’s financial assistance will help get these essential projects started, protecting public health and water quality," she said.
Projects across the state, including stormwater improvements in Albany and wastewater treatment upgrades in Kingston, will also benefit from the approved funding.
Sean Mahar, Interim Commissioner of the Department of Environmental Conservation, highlighted the importance of these investments, particularly the $454 million dedicated to New York City’s wastewater overflow improvements in Brooklyn’s Gowanus area, which will address long-standing water quality issues.
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