Water Sector News
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Hochul announces $55.4M investment in water infrastructure projects in eight counties
NEW YORK — Gov. Kathy Hochul recently announced $55.4 million in financial assistance for water infrastructure improvement projects, to upgrade New York’s water and sewer systems, reduce water pollution, and safeguard vital drinking water supplies. The New York State 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 four critical drinking water and sewer projects. The Board also approved low-cost long-term financing for six completed projects, providing debt relief through lower interest rates than if the municipalities had borrowed on their own.
“Every New Yorker deserves access to clean drinking water and properly functioning sewer systems,” Hochul said in a news release. “This $55 million investment will not only improve our water infrastructure but also create healthier communities across New York. We will continue to take steps toward improving our water quality and supporting a healthy and prosperous future for all New Yorkers.”