New York Construction Report staff writer
The Environmental Facilities Corporation has approved $66 million in financial assistance for water infrastructure improvement projects to upgrade New York’s water and sewer systems, reduce water pollution, and safeguard drinking water supplies.
Assistance will be through low-cost short-term financing and previously announced grants to move critical water and sewer infrastructure projects forward, including treatment processes to remove emerging contaminants from drinking water and modernizing aging systems and facilities. The board also approved low-cost long-term financing for seven completed projects, providing debt relief through lower interest rates than if the municipalities had borrowed on their own.
“The grants and financings approved today by the EFC Board help ensure that financial barriers don’t prevent communities from undertaking vital projects that protect public health and the environment,” said New York State Environmental Facilities Corporation president and CEO Maureen A. Coleman said. “EFC is committed to delivering these resources to the communities that need them most and will continue providing unparalleled support to help these communities access state and federal funding.”
Clean water projects:
- Village of Menands, Albany County – $2.6 million short-term interest-free financing, $2.6 million short-term market-rate financing and $1.7 million WIIA grant for the planning, design and construction of sanitary system improvements in the South End neighborhood.
- Village of Newark, Wayne County – $161,800 short-term interest-free financing, and $349,200 short-term interest-free financing with $511,000 grant from federal Bipartisan Infrastructure Law (BIL) General Supplemental funds for wastewater treatment plant disinfection improvements. Funding for water infrastructure from the BIL is administered by EFC through the State Revolving Funds.
- Village of Wayland, Steuben County – $1.1 million short-term interest-free financing, $2.1 million short-term market-rate financing and $750,000 WIIA grant for the planning, design and construction of wastewater treatment plant improvements.
- Village of Fonda, Montgomery County – $814,950 long-term interest-free financing for sanitary sewer improvements.
- Village of Fredonia, Chautauqua County – $4.9 million long-term interest-free financing to plan, design and construct the first phase of the village’s wastewater treatment plant improvement project.
- Village of Middleport, Niagara County – $155,714 long-term interest-free financing for the planning, design and construction of a disinfection system at the village’s wastewater treatment plant.
- Village of Naples, Ontario County – $4.8 million long-term interest-free financing for the planning, design and construction of a new collection system and wastewater treatment plant.
