On April 25, 2012, the Pennsylvania Infrastructure Investment Authority (PENNVEST) announced the investment of $115 million in 28 non-point source, drinking water, and wastewater projects in 17 counties. In the PENNVEST press release, Governor Tom Gorbett is quoted:
“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.”
“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 funding comes from a combination of state funds approved by voters, federal grants to PENNVEST from the Environmental Protection Agency, and recycled loan repayments from previous PENNVEST funding awards. This new funding will undoubtedly mean more work for public works contractors performing wastewater and utility work in Pennsylvania.
For the official PENNVEST press release, click here.
Christopher I. McCabe, Esq.
