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New York advances water infrastructure investments

New York advances water infrastructure investments

By Blake Jackson

Governor Kathy Hochul announced that the Environmental Facilities Corporation Board of Directors has approved more than $300 million in financial support for water infrastructure projects across New York State.

This funding will enable municipalities to access low-cost financing and grants for essential water and sewer improvements, including the enhancement of treatment processes to address emerging contaminants in drinking water.

"Access to clean, safe water is fundamental to the health and prosperity of communities throughout New York," Governor Hochul emphasized. "By investing significantly in water infrastructure, our state is ensuring that localities can affordably upgrade their systems, safeguarding our natural resources and protecting public health."

The approved funding will benefit 20 projects statewide, leveraging resources from the federal Bipartisan Infrastructure Law (BIL), State Revolving Funds (SRFs), and the State’s Water Infrastructure Improvement Act (WIIA) grant program. Notably, the City of Auburn in Cayuga County will receive over $91 million from BIL and WIIA to modernize its wastewater treatment plant, dating back to 1935.

This initiative aims to replace outdated systems, enhance water quality in the Great Lakes watershed, and promote environmental equity in underserved communities.

Maureen A. Coleman, President & CEO of the Environmental Facilities Corporation, highlighted the state's commitment to supporting infrastructure improvements critical for community health and resilience. "Under Governor Hochul's leadership, New York is empowering localities to implement vital projects that ensure equitable access to clean water," Coleman stated.

The Department of Environmental Conservation's Interim Commissioner, Sean Mahar, underscored the state's ongoing efforts to address water quality challenges. "Today's funding announcement underscores Governor Hochul's dedication to enhancing water infrastructure across New York State," Mahar noted. "By partnering with the Environmental Facilities Corporation, we are advancing sustainable improvements that will benefit New Yorkers for years to come."

The initiative also received praise from federal and state legislators, highlighting the collaborative effort to secure funding that supports economic development, environmental justice, and climate resilience.

In addition to financing new projects, the Board approved refinancing measures for completed projects in various municipalities, aiming to reduce long-term debt service costs and enhance financial sustainability for local communities.

This substantial investment underscores New York's commitment to ensuring reliable, high-quality drinking water and sustainable water management practices statewide.

Photo Credit: gettyimages-zms

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Categories: New York, Government & Policy

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