HARRISBURG, PA, Jan. 23, 2008 -- Governor Edward G. Rendell today announced the PENNVEST Board of Directors' approval of $82.9 million in low interest loans and grants for 21 brownfields, drinking water and wastewater projects in 18 counties. The Governor cited the importance of these projects to the environment, the health of Pennsylvania citizens and the economic vitality of communities.
"Infrastructure investments are important to ensure the well-being of this commonwealth for many years to come," Governor Rendell said. "The legacy that we leave for our children and grandchildren will largely be determined by the infrastructure investments we make now. The loan and grant approvals made by the PENNVEST Board at its quarterly meeting are important steps toward a better future for our citizens."
Most of the money approved today, $77.9 million, is for low-interest loans. Combined with $5 million in grants, PENNVEST will fund 21 clean water projects.
The awards range from a $332,140 loan to develop a new well and construct drinking water storage facilities for a community in Wyoming County to a $15.4 million loan and grant combination that will eliminate raw sewage discharges in Somerset County caused by malfunctioning on-lot septic systems.
Funds for the projects are disbursed after bills for work are paid and the receipts are submitted to PENNVEST for reimbursement.
For more information about PENNVEST, visit http://www.pennvest.state.pa.us/.
To find out more about Governor Rendell's initiatives, see: http://www.governor.state.pa.us/.
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