City Awarded Zero Interest Loan and $2.8 Million Dollar Grant to Finance Waste Water Improvement Project
Mayor Rob Rolison announced today that the City of Poughkeepsie has been notified of its successful application for interest rate subsidies and New York State grants with regard to the design and construction of a major waste water infrastructure project.
City of Poughkeepsie Waste Water Improvement Project:
The City has successfully applied to New York State’s Environmental Facilities Corporation’s Clean Water State Revolving Fund to support improvements to its waste water collection and treatment system. These include design and construction for sewage treatment plant upgrades, pump station improvements and Combined Sewer Outflow corrections at various locations throughout the City of Poughkeepsie to protect the water quality of the Hudson River. This $11,256,000 project, financed through EFC, will receive up to $7,641,232 in interest savings and subsidies.
Additionally, the City of Poughkeepsie is the recipient of a New York State Water Grant (Round 2) for $2,806,500, to reduce the City of Poughkeepsie’s cost to $8,449,500, which is being financed at 0% for over a 30-year term.
“Every single American deserves access to clean water, and we should all thank Mayor Rolison for taking proactive steps to keep our water supplies safe and healthy,” said U.S. Representative Sean Patrick Maloney, a member of the House Committee on Transportation and Infrastructure. “This plant is truly the story of collaboration between the local, state, and federal governments, and it shows the importance of a fully-funded and engaged EPA.”
“I’d like to thank Governor Cuomo, whose dedication to clean water and to the modernization of aging infrastructure is to be commended, as well as the professionals and dedicated public servants working at the Environmental Facilities Corporation and the E.P.A” stated Mayor Rob Rolison
“The City of Poughkeepsie has an extraordinary group of legislative leaders in Congressman Sean Patrick Maloney, Senator Sue Serino, and Assemblyman Frank Skartados and I thank them on behalf of all our residents. This project is one for a generation. This vital improvement in maintaining critical infrastructure in our City symbolizes the progress our City is making across the board,” stated Rolison.