BINGHAMTON, N.Y. (AP) — New York state has put together a $30 million loan package to help repair a sewage treatment plant for Binghamton that was damaged by Tropical Storm Lee in 2011.
The money for the Binghamton-Johnson City Joint Sewage Treatment Plant will be spent not only on repairs for the plant serving 120,000 customers, but on improvements that will include a flood wall.
Flood waters inundated the plant in September 2011.
Gov. Andrew Cuomo says the $30 million in financing will include $24.8 million in interest-free loans for Binghamton and Johnson City.
The package was approved by New York State Environmental Facilities Corp. officials, who say the low-cost financing will save local ratepayers more than $1 million.