Project

NJ I-Bank Project of the Week: Brick Township MUA receives $2,433,075 in Water Bank loans saving ratepayers approximately $988,799. 

The Brick Township Municipal Utilities Authority (“Brick MUA”) recently completed a water main replacement in the Breton Woods section of the Township that is being financed with approximately $2.4 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Total Brick MUA savings for this project are estimated to be $988,799 over the 30-year term of the loan or 41% of the total project cost. This project also created approximately 30 direct construction jobs. In addition, by using funds made available from the federal Water Infrastructure Finance and Innovation Act (“WIFIA”) program to make this loan, the Water Bank saved the state revolving funds $650,700 that will be used to finance additional projects that would otherwise not receive funding from the Water Bank.

The system’s original water mains did not meet the current DEP or the State Residential Site Improvement Standards. To address this and bring the system into compliance, the project replaced approximately 2.2 linear miles of 2-inch galvanized steel and 3-inch cast iron water main with 6- and 8-inch ductile iron pipe with polywrap corrosion protection and polyethylene services with meter pits. Further, standard sized hydrants could not be installed on undersized water mains until the mains were replaced at the completion of this project.

Lisa Crate, Mayor of Brick Township, commended the project. “Our MUA is dedicated to maintaining an efficient and reliable water supply for the health of our community. Renovating components of its infrastructure has been an ongoing priority, and the NJ Water Bank has saved our ratepayers money every step of the way.”

This project was designed by PS&S Engineering and constructed by Underground Utilities Corporation.

Pictures courtesy of Brick Township MUA

Published 6/14/2023