Of the $174m total, $154m will be provided in low-interest loans, while the rest of the $20m will be offered as grants to yield long-term benefits of cleaner water for residents of Pennsylvania.
Among the grants to be provided for various water infrastructure projects, a community in Luzerne County will receive a $216,609 grant to install rain gardens and construct other facilities to control storm water runoff.
On the other hand the highest loan to be offered by PENNVEST is a $30m credit to construct improvements to a wastewater treatment facility in Lycoming County for reducing nutrient contamination of the Susquehanna River and the Chesapeake Bay.
PENNVEST will disburse the funds for the projects after bills for work are paid and receipts are submitted to the concerned authority.
Pennsylvania governor, Edward Rendell said that these investments are proof of collective commitment to improving Pennsylvania’s environment and creating the opportunities for more dynamic economic future for the state’s businesses, workers, and residents.
“Today’s meeting brings us to a total of $3.1bn that the PENNVEST board has invested in 801 clean water projects in Pennsylvania since I took office,” Rendell said.
