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Community Receives $1,152,723 in Water Bank Loans.
Estimated Savings to ratepayers of $323,455.
Hillsborough Township recently completed stormwater 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. Total savings for this project are estimated to be $323,455 over the 20-year term of the loan or 28% of the total project cost. In addition, this project created an estimated 14 direct construction jobs.
The project included the construction of approximately 3,400 linear feet (LF) of 8-inch diameter sanitary sewer, 750 LF of 1 ½ inch polyethylene force main, 16 manholes, as well as a number of stormwater inlets and laterals to serve existing homes from where the wastewater is conveyed to the Somerset Raritan Valley Sewerage Authority (SRVSA) for treatment. The provision of a sanitary sewer collection and conveyance system to these homes, alleviated previously malfunctioning septic systems.
Gloria McCauley, Mayor of Hillsborough Township commended the project noting, “This project is an example of our commitment to better manage our waste water, reducing risks to public health and the environment. This project accomplished all that at an affordable price that will save our rate payers money over time.”
This project was designed by Maser Consulting and constructed by OTS NJ.
Pictures courtesy of Hillsborough Township