Executive Director David E. Zimmer, CFA
New Jersey Infrastructure Bank
New Jersey Infrastructure Bank
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NJ I-Bank Water Infrastructure News (WIN): Camden County MUA borrows $9 million in Water Bank Loans, saving ratepayers approximately $4.8 million.
Camden County MUA (“CCMUA”) recently completed upgrades to its water pollution control facility (“WPCF”) that are being financed with approximately $9 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the New Jersey Infrastructure Bank (“I-Bank”). This project is estimated to save $4.8 million in interest costs over the 20-year term of the loan or 54% of the total project costs as compared to the authority financing it independently. In addition, this project created an estimated 108 direct one-year construction jobs.
The project delivered key upgrades to CCMUA’s Delaware #1 WPCF. Work included the replacement and rehabilitation of sludge return lines and significant improvements to the grit removal system, including new piping and an advanced washing system. These enhancements increase operational efficiency, strengthen long-term reliability, and ensure continued protection of regional water quality.
According to Louis Cappelli, Jr., Camden County Commissioner Director, “Through Water Bank financing, the CCMUA was able to complete these critical upgrades while saving taxpayers over $4 million in interest costs over the life of the loan. These savings allow us to invest more in our communities while protecting water quality for future generations.”
This project was designed by CCMUA in-house staff and PS&S Engineering and constructed by Allied Construction Group.
Picture courtesy of CCMUA
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