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PennVEST Announces $115 Million In Funding For Water Infrastructure Projects
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The PA Infrastructure Investment Authority Wednesday announced the investment of $115 million in 28 non-point source, drinking water, and wastewater projects in 17 counties.
“These projects will significantly contribute to improved waterways, including the Chesapeake Bay, and will also create hundreds of new jobs that are so vital to our local communities,” Gov. Corbett said. “These projects serve the dual purposes of responsible environmental stewardship and steadfast economic recovery, both of which are critical to the future of Pennsylvania.”
Of the $115 million total, $82 million is for low-interest loans and $33 million is offered as grants.
The awards range from a $19 million loan/grant combination to upgrade a wastewater treatment system in McKean County, allowing for business expansion and the creation of 60 new local jobs, to a $266,000 grant that will construct nutrient-management facilities on a farm in Lancaster County, contributing to the improvement in the water quality of the Chesapeake Bay.
The funding comes from a combination of state funds approved by voters, federal grants to PennVEST from the U.S. 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.
A list of projects funded is available online.
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4/30/2012 |
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