More results found.
No results match your search term, but we're constantly adding new issuers to the BondLink platform. Looking to learn more?
Town of Hammonton Stormwater Improvements. Community Receives $2,735,872 in Water Bank Loans.
Estimated Savings to rate payers of $661,848.
The Town of Hammonton recently completed stormwater improvements that are being funded with approximately $2.7 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 $661,848 over the 20-year term of the loan or 24% of the total project cost. In addition, this project created an estimated 26 direct construction jobs.
The project area contained undersized and leaking water mains and house connections as well as sediment-laden and broken storm sewers that caused flooding at various intersections and contributed to the deterioration of inlet structures, sanitary sewer piping and manhole junctions.
The project included the replacement of approximately 2,500 linear feet of sanitary sewer mains and stormwater piping along Valley Avenue and Broadway. The vitrified clay sewer mains were replaced with PVC piping, the concrete metal piping storm sewers were replaced with reinforced concrete piping, ductile iron piping and perforated high density polyethylene piping. Also, approximately 39 catch basins/inlets were installed, reconstructed and/or replaced.
Steve DiDonato, Mayor of the Town of Hammonton, praised the project noting, "This project contributed to significant water conservation by reducing peak loads on the Town's wastewater treatment plant and eliminated cross system contamination risks. Critical infrastructure has been upgraded in a cost-effective manner to maintain the environmental integrity of the sanitary and storm sewer system."
This project was designed, managed and inspected by ARH Associates and constructed by Mathis Construction Co., Inc.
Pictures courtesy of ARH Associates