PA Governor Rendell Announces $530 Million Investment In Water Infrastructure

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April 20, 2009 -- HARRISBURG – Pennsylvania Governor Edward G. Rendell today announced the commonwealth’s investment of $530 million in nearly 60 green infrastructure, drinking water and wastewater projects in more than 30 counties.

“Funding for projects approved today by the PENNVEST Board of Directors demonstrates the commonwealth’s commitment reinvigorate the economy by providing safe, clean drinking water and wastewater systems while creating jobs,” Governor Rendell said. “These projects are vitally needed to put people back to work and to improve our precious water resources for future generations.”

Most of the funding approved today, $411 million, is for low-interest loans; the $119 million in grants represents PENNVEST’s first allocation of American Recovery and Reinvestment Act funding.

The awards range from a $377,000 loan to replace old and corroded drinking water distribution lines in a Bucks County community to an $85 million loan to eliminate raw sewage backups into basements and yards by replacing old sewage collection lines in various parts of Philadelphia.

Funds for the projects are disbursed after bills for work are paid and receipts are submitted to PENNVEST.

For more information about PENNVEST, visit www.pennvest.state.pa.us. To track Pennsylvania’s investment of American Recovery and Reinvestment Act funding, visit www.recovery.pa.gov.

Source: Pennsylvania Governor