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“This funding will support local wastewater infrastructure projects that protect the environment, create jobs and bolster resiliency in communities across New York," said Cuomo.
The Board's approval will provide much-needed financial assistance for seven wastewater projects in upstate New York and on Long Island, including more than $4.7 million in grants that were awarded in the second round of funding made available pursuant to the Water Infrastructure Improvement Act, according to a release.
The grants, along with the interest-free and low-interest loans provided by EFC, allows municipalities to finance these projects at a significantly lower rate than financing on their own, the release said. Nearly 60 percent of the loans approved are interest-free.
The approved projects are the following:
Mid-Hudson
Westchester County - $1.6 million ($815,000 zero-interest loan and a $815,000 low-interest loan) to finance costs associated with the planning, design and construction of the relocation of a sanitary sewer line at the Rye Playland Amusement Park.
Village of Red Hook (Dutchess County) - $5.3 million ($4.1 million zero-interest loan and a $1.2 million USDA Rural Development grant) to finance costs associated with the design and construction of the Village of Red Hook's Pressure Sewer Installation and Wastewater Treatment Plant Upgrades.
Westchester County - $8.69 million ($4.3 million zero-interest loan and a $4.3 million low-interest loan) to finance costs associated with the construction of the Phase II Rotating Biological Contactor Upgrade to enhance Biological Nutrient Removal at the Port Chester Wastewater Treatment Plant.
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