Governor Hochul to invest over $70 million in critical water infrastructure projects across New York
(UI) — Governor Kathy Hochul announced over $70 million in financial assistance for water infrastructure improvement projects across New York State on April 5.
"New York State is committed to providing communities with the resources needed to take action on critical water infrastructure projects that prevent exposure and health risks," Governor Hochul said. "The grants and financings approved by the Environmental Facilities Corporation Board will leverage even greater local investments to help ensure our communities in every corner of New York have access to clean, safe water."
The Environmental Facilities Corporation Board of Directors has approved low-cost financing and previously announced grants, authorizing municipal access to the capital needed to get shovels in the ground for drinking water and sewer projects that reduce potential risks to public health and the environment.
The Board also approved two critical sewer projects utilizing state grants and funding from the federal Bipartisan Infrastructure Law (BIL). These state and federal investments include over $7 million for the City of Watervliet in Albany County and over $2.5 million for the Village of Sidney in Delaware County.
Highlights of the funding approved include grants to treat emerging contaminants above the state-determined Maximum Contaminant Level (MCL). This includes grants totaling $16.2 million to the Suffolk County Water Authority for 11 drinking water projects as well as a $2 million grant to the Manhasset Lakeville Water District in Nassau County.
The Board also approved low-cost long-term financing for five completed projects, providing debt relief through lower interest rates than if the municipalities borrowed on their own.
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