Governor Edward G. Rendell announced a $61 million investment made by the Pennsylvania Infrastructure Investment Authority, or PENNVEST, to continue the revitalization of the area’s water resources.
"Our water resources are important to the continued growth of our economy," Governor Rendell said. "The investments made today by the PENNVEST board will help maintain and restore our precious water resources while stimulating job growth and economic revitalization, particularly in our older, established communities."
Most of the money approved today, $56 million, is in the form of low-interest loans. Combined with $4.9 million in grants, PENNVEST will fund 15 clean water projects in 13 counties.
The awards approved by PENNVEST will include $185,000 loan to design a waterline extension that will bring potable water to residents of a small community in Clearfield County, and an $8 million loan to eliminate discharges from malfunctioning on-lot septic systems in a Luzerne County community.
Funds for the projects are disbursed after bills for work are paid and the receipts are submitted to PENNVEST for reimbursement.
During the PENNVEST quarterly board meeting, Jon Capacasa of the U.S. Environmental Protection Agency presented awards to two projects previously funded by PENNVEST. These were two out of a total of 57 total awards given by EPA for projects that demonstrate exceptional innovations and environmental achievements. The two projects cited at this meeting were: