Governor announces over USD 40 M investment

Governor Kathy Hochul has announced USD 40.3M in financial assistance for water infrastructure improvement projects, including the first drinking water project in New York State to receive infrastructure funding under the Bipartisan Infrastructure Law in Albany. 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 vital drinking water and sewer projects that reduce potential risks to public health and the environment.
“Communities need financial support to help them undertake critical water infrastructure improvement projects, and that’s why I prioritized a USD 500M investment in clean water infrastructure in my Executive Budget,” Governor Hochul said. “The funding announced today will help municipalities modernize their drinking water and wastewater infrastructure and improve water quality and public health in their communities.”
The Albany Municipal Water Finance Authority will receive the first funding from the Bipartisan Infrastructure Law for drinking water infrastructure in New York State. Approved Bipartisan Infrastructure Law funding for the authority includes a USD 1.27M grant and USD 1.83M short-term interest-free financing. This funding is in addition to a USD 3M state water grant. The funding will be used to modernize aging infrastructure at three facilities in the Albany Water System, including the Feura Bush Filtration Plant, the Pine Bush Pump Station, and the Loudonville Reservoir.
The Board’s approvals include financings through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund, and grants already announced pursuant to the Water Infrastructure Improvement program.

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