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NJ I-Bank Project of the Week: Berkeley Township MUA Well No. 4 Installation. Authority receives $1,643,133 in Water Bank loans. Estimated savings to ratepayers of $383,998.
The Berkeley Township Municipal Utilities Authority (BTMUA) recently completed drinking water improvements that are being funded with approximately $1.6 million in loans from the NJ Water Bank, a joint low-rate funding program of the DEP and the NJ I-Bank. Including interest cost savings, total savings for this project is estimated to be $383,998 over the 30-year term of the loan or 23% of the total project cost. In addition, this project created an estimated 19 direct construction jobs.
The project consisted of the installation of Well No. 4, including approximately 1,1750 linear feet of 12-inch water main from the well to the existing water treatment plant, construction of a well building, a trailer mounted generator, controls, pipe modifications, as well as miscellaneous work.
To reduce the effects of aquifer drawdown at the Station Road Water Treatment Plant, Well No. 4 was positioned approximately 900 feet from the existing wells that were located close to each other.
This project was designed by CME Associates and constructed by Montana Construction Corp., Inc.
Pictures courtesy of Berkeley Township MUA
Published 7/15/21