Community Receives $810,860 in Water Bank Loans. Estimated Savings to ratepayers of $677,595.

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

The Borough of Tuckerton recently completed wastewater treatment plant improvements that are being funded with approximately $810,860 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 $677,595 over the 30-year term of the loan or 84% of the total project cost. In addition, this project created an estimated 10 direct construction jobs.  

Tuckerton Borough replaced 3,165 linear feet of existing Asbestos-Cement 4-inch deteriorated water mains with new 8-inch PVC pipe on Heron road. Existing water service laterals were also replaced, including curb stops, meters, meter pits and fire hydrants. The larger pipe size addressed fire safety concerns since large volumes of water were draining from hydrants in areas using undersized watermains. The pipes were also deteriorating, causing leaks and water loss to the Borough.  

"Our commitment to clean water and reliable service requires that we make critical infrastructure improvements," said Susan Marshall, Mayor of Tuckerton Borough. "In addition to enhancing the efficiency of our service, these upgrades contribute to fire safety and the economic vitality of our community by passing the savings from the New Jersey Water Bank Financing Program on to our residents." 

This project was designed by Owen Little & Associates and constructed by P&A Construction, Inc.

Pictures are courtesy of Owen Little & Associates.

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

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