City of Rome receives financing for water treatment improvements
ALBANY, N.Y. (WKTV) - The New York State Environmental Facilities Corp. (EFC) approved $16.75 million in low-cost financing for drinking water improvements across the state, Thursday.
The three-year loans, as well as a $2 million grant, will come from the New York State Drinking Water State Revolving Fund, jointly administered by the EFC and state Department of Health.
Locally, the City of Rome will be one of three communities to receive funding from the EFC.
"Governor Cuomo, EFC and the New York State Department of Health are pleased to assist these communities in providing safe, high quality water at an affordable cost," said EFC President and CEO, Matthew J. Driscoll.
"Through New York's Drinking Water State Revolving Fund, communities throughout New York State are taking important steps to improve drinking water quality and protect public health for generations to come."
Rome will be receiving a $5.4 million short-term loan ($1.8 million at no-interest and $3.6 million at a subsidized market-rate) to be used for upgrading the City's water treatment plant with new filters.
This project is the first phase of a planned system-wide upgrade for the City's water treatment, which includes the addition of new storage tanks, as well as, transmission mains at some point in the future.
The other communities receiving finances from the Fund are the Village of Dryden, and the Town of Louisville.