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The Old Bridge Municipal Utilities Authority recently completed construction of an emergency fuel storage facility with approximately $1.4 million in loans from the NJ Water Bank, a joint low-rate funding program of the DEP and the NJIB. This project qualified for principal forgiveness totaling $261,519 as it addressed damage from Superstorm Sandy and improved resilience for future storms. Including interest cost savings, total savings for this project are estimated to be $597,496 over the 20-year term of the loan or 42% of the total project cost. In addition, this project created an estimated 16 direct construction jobs.
The project included the construction of an emergency fuel storage facility and the installation of two 10,000-gallon fuel storage tanks. Also included were fuel pumps and a shed for housing monitoring and safety equipment.
According to Guy Donatelli, Executive Director of the Old Bridge MUA, "This project provides the Township with a guaranteed flow of safe drinking water, the quality of which exceeds State and Federal safety standards. It is an example of the MUA's efforts to upgrade and expand the system as needed to ensure a more than adequate water supply at the lowest possible costs. The new fuel storage facility and generator installed under this project at the Route 516 Maintenance Garage site will provide the Authority with added resiliency of our fuel supply and back-up generator power during future power outages due to adverse weather conditions and natural disasters such as Super Storm Sandy."
This project was managed by CME Associates, and subcontracted by American Petroleum Equipment & Construction.
Picture Courtesy of CME Associates