Projects located in Long Island, Mid-Hudson, Mohawk Valley, North Country and Western New York Regions
Governor Kathy Hochul announced more than $232 million to seven municipalities for drinking water and sewer infrastructure projects that are crucial to protecting public health and the environment. The previously announced grants and low-cost financing packages approved by the NYS Environmental Facilities Corporation Board of Directors will support water infrastructure projects totaling more than $763 million.
“In far too many communities, critical water infrastructure has been left to fall into disrepair, but here in New York we are taking action to protect the health and well-being of New Yorkers,” Governor Hochul said. “This $232 million infrastructure investment for wastewater treatment and public water systems will help our partners in local government make substantial investments to improve water infrastructure and furthers the State’s commitment to improving water quality today and far into the future – creating a healthier, more prosperous New York for generations to come.”
The financial assistance approved by the Board includes short-term financings and previously announced grants that will provide capital to local governments to help get shovels in the ground for critical projects. The board also approved various long-term financing conversions that provide interest relief for completed projects and help reduce debt for municipalities.
Of the project funding announced, approximately $200 million in interest-free financing has been approved for three wastewater treatment plant projects in Long Island that improve resiliency and water quality.
The Board’s approvals include financings through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund (DWSRF) and grants already announced pursuant to the Water Infrastructure Improvement (WIIA) program. Visit EFC’s website to learn more about water infrastructure funding opportunities.