Relief for Joint Sewage Treatment Plant
12/16/2013 (Updated 6:52:17 PM)The Binghamton-Johnson City joint sewage treatment plant received a big boost for flood repair on Monday.
The Governor's office announced Monday a $30.32 million loan package from the state for repairs, improvements and protection against future storms, including a flood wall. Almost $25 million of the loan will be interest-free, saving local taxpayers about one million dollars, according to the state.
A wall at the plant collapsed in May of 2011 and flooding in September of 2011 resulted in a substantial loss of waste treatment.
"We really appreciate the Governor's efforts to put this loan application over the finish line, so to speak. That certainly will save the taxpayers money. That's why we've been pushing so hard to get that loan," said Binghamton Mayor Matt Ryan.
This is the first of two expected rounds of financial assistance from the state's Environmental Facilities Corporation. The repairs at the plant are scheduled to be finished in 2017.
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