New York State Environmental Facilities Corporation Providing Additional $370 Million for Wastewater System Improvements in New York City
The New York State Environmental Facilities Corp. (EFC) Board of Directors today approved $370 million in interest-free and low-interest loans for improvements to eight wastewater treatment plants and three other wastewater system facilities in New York City.
“The Environmental Facilities Corp. is pleased to assist New York City and 17 other local governments in their efforts to provide safe and reliable clean water systems, improving the environment and water quality, protecting public health, and creating jobs throughout the state,” said EFC President and CEO Matthew J. Driscoll.
The New York City loans are among more than $1.6 billion in direct financings approved by EFC this year for municipal wastewater and drinking water projects across New York State.
EFC approved other loans today as it concluded the 2013-14 federal fiscal year with $1.6 billion in direct and leveraged loans to 100 local governments and public authorities across the state. For more details on today’s board actions, please click here.