BETHEL – The Town of Bethel has received two zero-interest loans from the Clean Water State Revolving Fund of the New York State Environmental Facilities Corporation.
The refinancing of some $3.5 million in loans, which are presently at market rates and will now be interest-free for up to 30 years, will allow the town to realize savings on two projects for the town’s wastewater infrastructure.
One project is two phases of rehab to the Kauneonga Lake Sewer Collection System, which was constructed in the 1940s and is in need of repair. The second project is the construction of a new septage receiving station to optimal working condition.
“This critical funding from the NYSEFC will allow the Town of Bethel to complete projects needed to ensure that our community has an affordable, sturdy, and sustainable wastewater system that will last for generations,” said Town Supervisor Daniel Sturm.
