Tuesday, February 22, 2011

Texas awarded economic recovery funds for water infrastructure projects - Silicon Valley / San Jose Business Journal:

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EPA officials say this new infusion of moneyy from the American Recovery and Reinvestment Act will help state and local governments invest in a numberf of overdue water projects that officials say are essentiak to protecting public health and the The funds should also help boost the economy andcreatr jobs, two of the qualification s for receiving stimulus funding. “Investing in the economy and the environmentr isa win-win,” EPA Acting Regional Administrator Lawrence E. Starfield says. “These fundx will not only help oureconomic recovery, but they will help providew safe, clean drinking wateer for communities throughout Texas.
” The funds will be used towarr the Drinking Water State Revolvinh Fund program, which provides low-interest loans for drinking wate r systems to finance infrastructure improvements. The program places an emphasie on small and disadvantaged communities and to programs that encouragepollutionm prevention. Nationwide, the EPA is furnishing $2 billionh to fund drinking water infrastructure projects across the countr y in the formof low-interest principal forgiveness and grants. At least 20 percentf of the stimulus funds have been earmarkedxfor “green” infrastructure, water and energy efficiencyt improvements and other environmentally innovative projects.

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