Pennsylvania Puts $66 M toward Infrastructure
Pennsylvania Gov. Edward G. Rendell recently announced the commonwealth's investment of $66 million in brownfields, drinking water, and wastewater projects in 14 counties.
"By providing these critical dollars, we can improve water quality, revitalize communities, and stimulate economic development," said Rendell of the loans and grants approved by the PENNVEST board of directors.
Of the money approved, $62 million is for low-interest loans. Combined with $4 million in grants, PENNVEST will fund 15 clean water projects.
The awards range from an $861,380 loan to prevent the wet weather discharge of raw sewage into a creek in Erie County to an $11 million loan to a development company that will reclaim an old industrial site and convert it into a mixed-use commercial and residential property that will provide new housing and create more than 2,000 jobs in Allegheny County.
Funds for the projects are disbursed after bills for work are paid and the receipts are submitted to PENNVEST for reimbursement.