$530 Million Investment In Water Infrastructure, $195 Million For Philadelphia

The PA Infrastructure Investment Authority this week approved the award of $530 million in nearly 60 green infrastructure, drinking water and wastewater projects in more than 30 counties.

 

“Funding for projects approved today by the PennVEST Board of Directors demonstrates the Commonwealth’s commitment reinvigorate the economy by providing safe, clean drinking water and wastewater systems while creating jobs,” Gov. Rendell said. “These projects are vitally needed to put people back to work and to improve our precious water resources for future generations.”

 

Most of the funding approved today, $411 million, is for low-interest loans; the $119 million in grants represents PennVEST’s first allocation of American Recovery and Reinvestment Act funding.

 

The awards range from a $377,000 loan to replace old and corroded drinking water distribution lines in a Bucks County community to $195 million for various projects in Philadelphia.

 

A complete list of projects approved for funding is available online.

 

May 18 is the deadline for the next round of water infrastructure funding applications, including the Green Project Reserve federal stimulus funding.