$40.3 million in financial assistance for water infrastructure improvement projects has been released by the state, including money for a local project
The Environmental Facilities Corporation Board of Directors approved low-cost financing and previously announced grants, authorizing municipal access to the capital needed to get shovels in the ground for vital drinking water and sewer projects that reduce potential risks to public health and the environment.
The Board’s approvals include financings through the Clean Water State Revolving Fund and Drinking Water State Revolving Fund, and grants already announced pursuant to the Water Infrastructure Improvement program. Funding for water infrastructure from the federal Bipartisan Infrastructure Law is administered by EFC through the State Revolving Fund programs. Governor Hochul announced funding for the first clean water infrastructure projects funded by the Bipartisan Infrastructure Law in November.
The town of Gorham will receive $135,000 in short-term interest-free financing from the state, $673,000 in short-term market-rate financing, and $90,000 in Water Infrastructure Improvement program grants for the planning, design, and construction of an effluent disinfection system at the town’s wastewater treatment facility.
“Communities need financial support to help them undertake critical water infrastructure improvement projects, and that’s why I prioritized a $500 million investment in clean water infrastructure in my Executive Budget,” Governor Kathy Hochul said. “The funding announced today will help municipalities modernize their drinking water and wastewater infrastructure and improve water quality and public health in their communities.”