Project

NJ I-Bank Project of the Week: Somerset Raritan Valley Sewer Authority receives $5,277,220 in Water Bank loans saving ratepayers approximately $1,665,270.

 
The Somerset Raritan Valley Sewer Authority (“SRVSA”) recently completed clean water improvements that are being financed with approximately $5.3 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Including interest cost savings, total savings for this project is estimated to be $1.7 million over the 30-year term of the loan or 32% of the total project cost. In addition, this project created an estimated 62 direct construction jobs.

The project included the planning, design, and construction of various improvements at the SRVSA's regional wastewater treatment plant. An existing flat roof that had reached the end of its useful life was replaced with a new pitched roof structure on the Headworks Building. Buildings 600 and 603 contained asbestos and were remediated. Two grit collection systems in the Headworks Building were replaced, and plant-wide electrical systems were replaced, including motor control centers, conduits and conductors, and indoor and outdoor facility lighting.

According to Matthew Moench, Mayor of Bridgewater Township, one of the Authority’s major customers, “The replacement of aging equipment is imperative for the continued uninterrupted operation of the plant. The more efficiently the plant operates, the less frequently surrounding water bodies will be impacted by untreated wastewater. Moreover, the SRVSA has financed the project strategically through the NJ Water Bank to save our ratepayers money every step of the way.”

This project was designed by in-house technical staff in collaboration with CDM Smith. The electrical rehabilitation was constructed by Thomas Controls, Inc.

Pictures courtesty of SRVSA

Published July 5, 2023