New York governor approves $66 million for water infrastructure projects
(UI) — Governor Kathy Hochul has announced the Environmental Facilities Corporation Board of Directors approved $66 million in financial assistance for water infrastructure improvement projects.
The grant marks the latest action to support upgrades to New York's water and sewer systems, reduce water pollution, and safeguard vital drinking water supplies. The board's action authorizes municipal access to low-cost short-term financing and previously announced grants to move critical water and sewer infrastructure projects forward, including treatment processes to remove emerging contaminants from drinking water and modernizing aging systems and facilities.
The board also approved low-cost long-term financing for seven completed projects, providing debt relief through lower interest rates than if the municipalities had borrowed on their own.
"New York is steadfast in our commitment to providing every community with access to clean water," Governor Hochul said. "This $66 million investment in statewide water infrastructure supports local communities with the resources and technical expertise to start these essential projects, which will protect public health and ensure that New Yorkers have safe, clean water for generations to come."
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