RYE, N.Y. -- Gov. Andrew M. Cuomo announced Thursday that the New York State Environmental Facilities Corporation Board of Directors approved more than $40 million in grants and interest-free and low-cost loans to support vital wastewater infrastructure projects across New York State.
“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:
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.