Governor Kathy Hochul announced this weekend that the New York State Environmental Facilities Corporation Board of Directors has approved more than $725 million in financial assistance to help 13 municipalities and public authorities advance critical infrastructure projects that protect or improve water quality.
Short-term financings and previously announced grants approved by the EFC Board of Directors will provide capital to local governments to help them work on critical projects. The board also approved several long-term financing conversions that provide interest relief for existing projects and reduce municipalities’ debt.
Of the announced project funding, more than $650 million in financial assistance will help the New York City Municipal Water Financing Authority make improvements to several of the city’s water pollution control plants. Nearly $6 million in grants and financing will help the City of Elmira in Chemung County replace lead drinking water pipes, and a $2.75 million grant and financing package will help improve Elmira’s wastewater treatment plant. Village of Cobleskill in Schoharie County.
Board approvals include funding through the Clean Water State Revolving Fund (CWSRF) and the Drinking Water State Revolving Fund (DWSRF) and grants under the Water Infrastructure Improvement Act (WIIA).
“All New York communities deserve access to clean water, which is why investing in clean water infrastructure is a top priority,” Governor Hochul said. “With an increase in funding from the federal Bipartisan Infrastructure Act and a historic investment in clean water initiatives in my Executive Budget, we will work together with local governments to modernize New York’s water infrastructure to protect public health and the environment. environment and help ensure a strong economy.
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