Project

NJ I-Bank Project of the Week: Mantua Township MUA receives $1,585,329 in Water Bank loans saving ratepayers approximately $430,045.

 Mantua Township MUA (“Authority”) recently completed clean water improvements that are being financed with approximately $1.6 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 $430,045 over the 20-year term of the loan or 27% of the total project cost. In addition, this project created an estimated 18 direct one-year construction jobs.

The Authority’s Barnsboro Pump Station is located in an area where approximately 80% of the properties were constructed before 1980 and were serviced by aging septic systems. This project enabled these homes to transition to the public wastewater system. The Authority constructed a new gravity collection system, a duplex pumping station, and force main to support properties along Barnsboro and Breakneck Roads in the Township. These upgrades reduced maintenance time and costs for the existing system as well as improved safety and system monitoring.

Robert Zimmerman, Mayor of Mantua Township, stressed the need for the project. “Our MUA is dedicated to maintaining an efficient system, and this project reduced maintenance time and costs. The upgraded infrastructure has improved service for our community and our MUA has worked strategically with the Water Bank to save our ratepayers money in the long run.

This project was designed by Sickels Associates and constructed by Perna Finnigan, Inc.

Pictures courtesy of Sickels Associates

Published October 4, 2023