Project

NJ I-Bank Water Infrastructure News (WIN): North Hudson SA receives $3,782,207 in Water Bank loans saving ratepayers approximately $4,228, 015. The savings are estimated to be $445,808 more than the cost of the project.

The North Hudson Sewerage Authority (“NHSA”) recently completed CSO improvements that are being financed with approximately $3.8 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Because this project addressed combined sewer overflow issues, NHSA qualified for principal forgiveness totaling $1,729,035. Including interest cost savings, total savings for this project, in comparison to NHSA financing the project on its own, is estimated to be $4,228,015 over the 8-year term of the loan. By financing through the Water Bank, the financing cost to complete the project is less than the actual cost of the project and NHSA can spread the payments over 8 years, making the project very affordable. In addition, this project created an estimated 44 direct, one-year construction jobs.

The project involved planning and design for the preparation of a long-term control plan (LTCP) that included the Adams Road and River Road wastewater treatment plants. This loan closed in conjunction with NHSA’s Green Infrastructure Capital Improvement Project and qualified for CSO green principal forgiveness. The scope of work of the LTCP addressed the challenges to meet the State’s NJPDES permit requirements and identified innovative ways to meet the CSO performance requirements. The project included the preparation of a computer hydraulic model, wet/dry weather sampling, evaluation of alternatives, and preparation of an implementation schedule.

Ravi S. Bhalla, Mayor of the City of Hoboken, acknowledged Hoboken’s role as one of NJ’s CSO communities and one of NHSA’s major customers. “It is crucial that we improve the City’s combined sewer system to better meet the needs of our growing community. This project will provide environmental and quality of life benefits for our residents and I thank NHSA and the Water Bank for collaborating on these much-needed upgrades."

This project was designed by CH2M and Mott MacDonald.

Published 12/13/2023