Community Receives $1,687,303 in Water Bank Loans. Estimated Savings to ratepayers of $671,184.

NJ I-Bank and NJDEP Helping to Improve New Jersey's Infrastructure, One Project at a Time

The City of Cape May recently completed drinking water improvements that are being funded with approximately $1.7 million in loans from the NJ Water Bank, a joint low-rate funding program of the DEP and the NJ I-Bank. Total savings for this project are estimated to be $671,184 over the 30-year term of the loan or 40% of the total project cost. In addition, this project created an estimated 20 direct construction jobs.

The project included the drilling of new Well No. 8 which will act as a back-up supply to the City's existing water treatment plant. Permanent pumping equipment was installed, and the existing well house was demolished and replaced with a larger one. The well was designed to produce approximately 1,000 gallons per minute of brackish water which was connected onsite to the existing Well No. 7 transmission main and conveyed to the City's treatment plant.

Cape May City's Mayor, Clarence F. Lear III, applauded the project stating "We are proud of our Reverse Osmosis Water treatment Facility which removes salt from our water wells to produce potable drinking water. We remain committed to investing in our utility infrastructure. The service we provide is essential to public health, fire protection, quality of life and economic growth in our community which includes the City of Cape May, the Boroughs of West Cape May and Cape May Point and the US Coast Guard Training Center. In addition to enhancing the integrity of our service, these upgrades contribute to the overall efficiency of our water distribution system and the economic vitality of our community by passing the savings earned through the NJ Water Bank on to our ratepayers."

This project was designed by Remington Vernick & Walberg Engineers and constructed by Marino, Industrial Systems & Services.

Pictures courtesy of Cape May City and Remingon Vernick & Walberg Engineers

For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.

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