EPA Makes $336M Investment To Spur Wastewater Infrastructure Improvements Across New York State
The U.S. Environmental Protection Agency (EPA) has awarded New York State over $336M to support cleaner water across the state, of which over $253M is funding through the Bipartisan Infrastructure Law. New York’s Clean Water State Revolving Fund provides interest-free or low-interest rate financing for wastewater and sewer infrastructure projects to municipalities. A variety of projects are eligible for financing, including construction or restoration of sewers and wastewater treatment facilities and piping, stormwater management projects and habitat restoration and protection projects.
“Across America, EPA is investing in communities by supporting modern, stronger and more resilient infrastructure, projects that also provide good jobs,” said EPA Regional Administrator Lisa F. Garcia. “EPA’s investment in New York’s water infrastructure means less pollution and cleaner water in our own local waterways.”
“New York continues to make critical investments in our wastewater infrastructure from Buffalo to New York City,” New York Governor Kathy Hochul said. “With this critical commitment from the EPA, paired with our historic $4.2B Environmental Bond Act, New York will continue to lead the country in proactively protecting our waterways and environment.”
“The Bipartisan Infrastructure Law is making a difference in modernizing New York’s aging drinking water and sewer systems, with EFC recently awarding grants and interest-free loans to the Village of Newark in Wayne County, the Village of Sydney in Delaware County, the City of Watervliet in Albany County, and beyond,” New York State Environmental Facilities Corporation President & CEO Maureen A. Coleman said. “Under Governor Hochul’s leadership, coupling federal grants made available through BIL with state grants is the difference between a community needing new water infrastructure and that community constructing and completing new infrastructure.”
“The Bipartisan Infrastructure Law’s support of the Clean Water State Revolving Fund (CWSRF) will propel infrastructure projects that are vital to protecting New York’s water quality throughout the state,” said New York State Department of Environmental Conservation Commissioner Basil Seggos. “DEC applauds EPA for investing more than $366M in this latest commitment to help address our state’s infrastructure needs and bolster our ongoing efforts to implement water quality projects critical to our environment, economy, and our communities.”
Under the Clean Water State Revolving Fund (CWSRF) program, EPA provides grants to all 50 states plus Puerto Rico to capitalize state CWSRF loan programs for a wide range of water quality infrastructure projects, including municipal wastewater facilities, nonpoint source pollution control, decentralized wastewater treatment systems, stormwater runoff mitigation, green infrastructure, estuary protection, and water reuse.
The 51 CWSRF programs function like environmental infrastructure banks by providing low or no interest loans for water infrastructure projects. As money is paid back into the state’s revolving loan fund, the state makes new loans to other recipients for high priority, water quality activities. CWSRF’s may offer a variety of assistance including loans, purchase of debt or refinance and provision of loan guarantees.
The Bipartisan Infrastructure Law presents the largest-ever funding opportunity for investing in water infrastructure. Find out more about Bipartisan Infrastructure Law programs and other programs that help communities manage their water resources on EPA's Bipartisan Infrastructure Law page.
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Source: The U.S. Environmental Protection Agency (EPA)