Funding to Support Vital Infrastructure Projects in Communities Throughout the North Country, Mid-Hudson Valley and Southern Tier Regions
New York –- (RealEstateRama) — Governor Andrew M. Cuomo today announced that nearly $37 million in grants and interest-free, low-cost loans have been approved by the New York State Environmental Facilities Corporation Board of Directors to support vital drinking water and wastewater infrastructure projects across New York. The Board’s approval includes more than $9 million in grants awarded under the Water Infrastructure Improvement Act.
“Improving and modernizing New York’s water infrastructure is a top priority of this administration, and this investment will help communities across the state upgrade their infrastructure and lay the foundation for future growth,” Governor Cuomo said. “This latest round of funding will help these North Country, Mid-Hudson Valley and Southern Tier local governments build a stronger, healthier future for their residents and bring us ever upward.”
To date, $225 million in WIIA grants have leveraged over $1 billion in total project costs for over 120 projects in New York State. These grants combined with low or no-interest loans have resulted in over $629 million in taxpayer savings.
Additionally, this year under the $2.5 billion Clean Water Infrastructure Act of 2017, $255 million in funding was made available for vital drinking water and wastewater infrastructure upgrades available.
Environmental Facilities Corporation President and CEO Sabrina M. Ty said, “Governor Cuomo recognizes that water infrastructure improvements are essential to the health, safety and economic vitality of the State’s communities. These programs support critical upgrades to ensure our drinking water and wastewater systems are operating safely and protecting water quality.”
Department of Environmental Conservation Commissioner and Environmental Facilities Corporation Chair Basil Seggos said, “For many municipalities, critically needed upgrades and improvements to drinking water systems and wastewater treatment plants are cost prohibitive. Governor Cuomo recognizes the fiscal obstacles local governments face and is helping to remove them by providing creative financial solutions that will strengthen and protect water quality infrastructure in communities across New York State.”
Department of Health Commissioner Dr. Howard Zucker said, “Access to clean water is paramount to the health and wellbeing of New Yorkers in communities across the state. This latest round of funding builds on Governor Cuomo’s unwavering commitment to improving water infrastructure and protecting one of the state’s most precious resources.”
Grants approved at the board meeting, which took place on Thursday, June 29, along with the interest-free and low-interest loans provided by EFC, allow municipalities to finance these projects at a significantly lower rate than financing on their own.
The projects approved at the June 29 meeting include:
- City of Newburgh, Orange County – $12.5 million, including a $3.1 million WIIA grant, and a $9.4 million zero interest loan, to finance the costs associated with the planning, design and construction of improvements contained in the City’s Long Term Control Plan for Newburgh’s combined sewage collection system and wastewater treatment plant.
- Town of Cape Vincent, Jefferson County – $2.3 million, including a $622,140 WIIA grant, a $905,537 zero interest loan, and $790,914 in a previously approved DWSRF grant for the construction of a new distribution system to serve the Town of Cape Vincent Water District #6.
- Village of Carthage, Jefferson County – $3.5 million, including a $2.8 million zero interest loan to finance the costs associated with the planning, design and construction of upgrades and equipment replacement at the Carthage-West Carthage Joint Water Pollution Control Facility.
- Town of Clifton, St. Lawrence County – $4 million, including a $2.3 million WIIA grant, a $425,845 zero interest loan, and a $851,688 low-interest loan for the installation of a new transmission main between the Town of Clifton’s Newton Falls water district and the Town of Fine water system.
- Village of West Carthage, Jefferson County – $8.3 million, including a $6.5 million zero-interest loan to finance costs associated with the planning, design and construction of upgrades and equipment replacement at the Carthage-West Carthage Joint Water Pollution Control Facility.
- Village of Stamford, Delaware County – $6.2 million, including a $2.96 million WIIA grant for the construction of a new water storage tank and control building to replace the Village’s existing aged water storage tank. This project also includes replacement of aged and/or undersized water distribution mains with new mains and distribution main looping at several locations throughout the Village.
New York State leads the nation with the largest annual investment in water-quality infrastructure of any state. Since 2011, EFC has provided more than $11.5 billion in subsidized loans, grants and loan re-financings to local governments.
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