Tuesday, April 22, 2014

$41.7 Million In Water Infrastructure Projects Awarded By PennVEST

Gov. Tom Corbett Tuesday announced the investment of $41.7 million in 13 non-point source, drinking water and wastewater projects across 12 counties through the Pennsylvania Infrastructure Investment Authority.
"The investments that we make today in our environment and economy will improve the quality of life for Pennsylvanians in all corners of the Commonwealth," Gov. Corbett said. "The PennVEST Board's actions bring crucial financial resources to bear that will improve water quality and increase economic opportunity for all of us."
Of the $41.7 million, $32.9 million is for low-interest loans and $8.8 million is offered as grants.
The awards range from a $537,000 loan to eliminate wet weather overflows of untreated sewage into a stream in Allegheny County, to a $9.3 million loan and grant combination to renovate a deteriorated wastewater treatment plant in Bradford County that will allow a vacant manufacturing facility to accommodate the expansion of three businesses, leading to the creation of 221 new jobs and the investment of $40 million in the area.
A list of projects awarded funding is available online.
The funding comes from a combination of state funds approved by voters, federal grants to PennVEST from the Environmental Protection Agency and recycled loan repayments from previous PennVEST funding awards.
Funds for the projects are disbursed after bills for work are paid and receipts are submitted to PennVEST.
For more information, visit the PennVEST website or call 717-783-6798.

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