Infra
Mid-Hudson water infrastructure projects moving forward with NY funding: Here’s where
Several mid-Hudson water infrastructure projects will benefit from financial assistance recently approved by the board of directors of the state’s Environmental Facilities Corporation.
The local projects are in the Village of Goshen and the towns of New Windsor and Poughkeepsie.
New York Gov. Kathy Hochul announced Thursday the EFC board approved more than $428 million in financial assistance for water infrastructure projects.
The board’s action authorizes municipal access to low-cost financing and previously announced grants to get shovels in the ground for critical water and sewer infrastructure projects, including treatment projects to remove emerging contaminants from drinking water and improvements that will modernize aging systems.
“Properly functioning water systems are crucial to New Yorkers’ quality of life – from the water flowing from taps to the numerous lakes and streams that provide amazing recreational opportunities,” Hochul said in a statement released by her office. “These grants and low-interest loans help protect public health and the environment, reduce pressure on communities to raise funds quickly for essential upgrades, and minimize the financial impact of these crucial projects on local ratepayers.”
Among the funding approved for local projects, the Village of Goshen will receive a $5.3 million grant and financing package for the replacement of existing filters to enhance water treatment; the construction of a new pump station; and connection of the water treatment plant backwash waste discharge to the sanitary sewer system. A portion of this funding is from the federal Bipartisan Infrastructure Law.
The Town of New Windsor will receive a $14.8 million grant for the construction of an expansion to the Caesar’s Lane wastewater treatment plant.
The Town of Poughkeepsie will receive a $5.3 million grant and financing package for the planning, design and construction of sewer improvements in the Hudson Heritage Sewer District.
The EFC board also approved more than $294 million in long-term financing to ensure continued long-term affordability of existing projects across the state. Once a project’s construction is completed, its short-term financing is typically refinanced to long-term financing of up to 30 years, saving municipalities significant interest expenses they would have incurred if they had financed the project on their own.
In the mid-Hudson region, the board approved long-term financing for projects by the Dutchess County Water and Wastewater Authority, the cities of Middletown and Kingston, and the Village of Millerton.
Mike Randall covers breaking news for the Times Herald-Record and the Poughkeepsie Journal. Reach him at mrandall@th-record.com.
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Mid-Hudson water infrastructure projects moving forward with NY funding: Here’s where
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