Long Beach Township recently completed Water Plant improvements that are being funded with approximately $1.2 million in loans from the NJ Water Bank, a joint low-rate funding program of the DEP and the NJ I-Bank. This project qualified for a NANO loan that offered principal forgiveness totaling $500,000 as it addressed the needs of a community with a population not greater than 10,000. Including interest cost savings, total savings for this project are estimated to be $913,491 over the 30-year term of the loan or 71% of the total project cost. In addition, this project created an estimated 14 direct construction jobs.
The Brant Beach Water Treatment Plant, built approximately 50 years ago without any flood protection, was severely damaged by Superstorm Sandy. The Plant's water quality and capacity were impacted by flood water, which shut down the Plant's pumps and electrical components necessary to operate the system. This drinking water project included the demolition and reconstruction of existing Well Building No. 3 and the Generator Room to meet FEMA's 500-year flood elevation requirement, as well as the installation of new equipment.
According to Joseph H. Mancini, Mayor of Long Beach Township, "This project brought the pump station into compliance with FEMA Flood Zone Regulations and the Safe Drinking Water Act. The facility is now protected against flooding and sustained power loss, improving resiliency for residents in the case of future storms. We took advantage of Principal Forgiveness from the NJ Water Bank and a USDA Grant for a combined savings of $1,000,000. For these reasons, this project has been nominated for an AQUARIUS award presented by the EPA. We are hopeful because this project represents improved protection and hefty savings for our ratepayers over time."
This project was designed by Owen, Little & Associates and Constructed by TKT Construction Company, Inc.
For more information, contact the New Jersey Infrastructure Bank Trust at (609) 219-8600.
3131 Princeton Pike, Building 4 Suite 216
Lawrenceville NJ, 08648 T. 609 219 8600