WAPPINGERS FALLS – A $14.8 million loan from the New York State Environmental Facilities Corporation will allow Wappingers Falls to move forward with its plans to upgrade its village wastewater collection and pumping systems.
The loan is expected to save the village $7.1 million once it is converted into 30-year, no-interest financing.
Mayor Matthew Alexander said the project will begin with a comprehensive capital infrastructure investment program involving 12 streets. He said the program will fund the associated underground infrastructure improvements in the sanitary collection system. It will also address efficiency and capacity investments at the sewer plant that is shared by three municipalities, remove a 100-year-old sewer line that lies at the bottom of a designated inland waterway and address two pump stations, the mayor said.
EFC recently expanded its interest-free loan program to make infrastructure projects more affordable for smaller communities.