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$662.9 million for water infrastructure in New York

Staff Writer |
The New York State Environmental Facilities Corporation board of directors approved $662.9 million in grants and interest-free and low-cost loans to support vital wastewater and drinking water infrastructure projects.

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This funding complements Governor Cuomo’s State of the State proposal to invest a record $2 billion in critical water infrastructure across New York with the Clean Water Infrastructure Act of 2017.

Municipal demand for Environmental Facilities Corporation financial assistance is higher than ever.

This i in part due to the renewed focus on water infrastructure issues and because of the enactment of the Water Infrastructure Improvement Act of 2015. In 2016, the Act was amended to double the available grant funds from $200 million to $400 million.

Even with these increased funds, demand is outpacing supply.

Recognizing this demand, Governor Andrew M. Cuomo’s 2017-18 Executive Budget will invest an unprecedented $2 billion in clean water infrastructure and water quality protection.

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