GOVERNOR CUOMO ANNOUNCES MORE THAN $24 MILLION IN GRANTS FOR WATER INFRASTRUCTURE IMPROVEMENTS IN THE CAPITAL REGION
Investment Will Save Capital Region Localities an Estimated $55 Million
Part of a $416 Million Statewide Investment in Water Infrastructure
Governor Andrew M. Cuomo today announced the state Environmental Facilities Corporation has awarded more than $24 million through the Water Infrastructure Improvement Act and the Intermunicipal Water Infrastructure Grant Program to Capital Region municipalities for infrastructure projects that protect public health or improve water quality. The $24 million investment will save Capital Region localities an estimated $55 million. These grants are part of the $416 million awarded across New York State for critical water infrastructure improvements. The grants are supporting nearly $1.6 billion in project costs across the state, contributing over 20,000 jobs to New York's economy and saving New York taxpayers over $700 million.
Regional Investments in Water Quality Infrastructure
The Governor has dedicated $3 billion for water quality protection across New York. The funding awarded to Capital Region municipalities is part of a statewide total of $416 million in grants being awarded to communities. In this funding round, $416 million in grant funding supports nearly $1.6 billion in total project costs for vital drinking and wastewater infrastructure projects statewide. Combined with zero- or low-interest financings through the State Environmental Facilities Corporation, New York taxpayers will save over $700 million.