NJ I-Bank Project of the Week:Western Monmouth Utilities Authority Route 79 Pump Station Rehab. Authority receives $6,214,230 in Water Bank loans saving ratepayers approximately $857,889.
The Western Monmouth Utilities Authority (”WMUA”) recently completed clean water improvements that are being funded with approximately $6.2 million in loans from the NJ Water Bank, a low-interest rate financing program jointly administered by the DEP and the NJ I-Bank. Total savings for this project is estimated to be $857,889 over the 15-year term of the loan or 14% of the total project cost. In addition, this project created an estimated 74 direct construction jobs.
The project reconstructed the Pump Station and replaced its force main discharge piping located along Route 79. This infrastructure was originally constructed in 1968 and expanded in 1980. The buried steel cans and equipment are over 30-years old and at risk of failure. Given the facility’s proximity to Big Brook stream, rehabilitating this infrastructure was critical to protect the environment from a potentially polluting discharge. In addition to demolishing pump station facilities, a new controls building was constructed and new wet well with submersible pumps, electrical equipment, valve chamber and an emergency generator were installed. The 8-inch force main was replaced with a larger capacity 12-inch force main along Route 79 from the pump station to its existing discharge location.
Jonathan Hornik, Mayor of Marlboro Township, one of the Authority’s major customers, observed, “This project improves efficiency for the WMUA and benefits the environment. Strategic borrowing from the NJ Water Bank saves our ratepayers over time, resulting in a win-win for everyone.”
This project was designed by T&M Associates and constructed by Carbro Constructors Corp.
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