New York State Governor Kathy Hochul recently celebrated the Environmental Facilities Corporation Board of Directors approval of roughly $108.8 million in financial aid for new and existing water infrastructure projects all across New York state.
“New York State continues to provide unprecedented financial support to help communities upgrade water systems and improve water quality,” Hochul commented of the funding. “Providing funding and resources to help local governments get shovels in the ground for water infrastructure improvement projects is a top priority, and we'll continue working together to modernize our infrastructure and provide safe, reliable water systems for generations to come.”
The approval officially authorizes municipal access to approximately $88.9 million in short-term and low cost financing for critical water and sewer infrastructure projects, as well as $19.9 million in long-term, free-of-interest financing for several existing projects.
“I applaud Governor Hochul’s sustained commitment to investing in affordable and transformational infrastructure projects that are improving water quality and benefitting our environment,” stated New York State Department of Environmental Conservation Commissioner and EFC Board Chair Basil Seggos of the funding. “From the Bay Park Conveyance Project on the South Shore of Long Island to critical water quality improvement projects advancing in the Finger Lakes, New York is improving water quality, restoring critical habitats, and improving opportunities for recreation for communities across the state.”
Financings approved by the Environmental Facilities Corporation Board of Directors come through the Clean Water State Revolving Fund, Drinking Water State Revolving Fund, and grants pursuant to the Water Infrastructure Improvement and Intermunicipal Grant programs.
“The financial assistance announced today by Governor Hochul reaffirms her commitment to ensuring that all New Yorkers have access to clean water, now and for years to come,” New York State Health Commissioner Dr. James McDonald remarked of the funding. “This funding will allow municipalities to finance critical projects to improve the quality of their water and strengthen their systems, ensuring the safety and well-being of residents throughout the state.”
Of the projects, the most significant is $66.5 million in financing for Nassau County to continue the Bay Park Conveyance Project, a critical clean water project aimed at mitigating flooding in Nassau County and strengthening resiliency at their clean water facilities while simultaneously improving the quality of water in the Reynolds Channel.
“Once again, New York State continues to invest in upgrading critical water infrastructure systems to enhance our water quality and public health,” noted New York Secretary of State Robert J. Rodriguez of the funding. “Governor Hochul’s commitment of $108 million will get even more shovels in the ground for water and sewer system upgrades to reduce water pollution, safeguard vital drinking water supplies, strengthen resiliency, combat climate change, and create green jobs throughout New York State.”