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01/11/10

ACUA Board of Directors approves zero interest borrowing for Wastewater Facility Rehabilitation

The Atlantic County Utilities Authority’s Board of Directors has approved borrowing $5.9 million of stimulus money from the American Recovery and Reinvestment Act to repair and rehabilitate processing equipment at the ACUA’s Wastewater Treatment Facility in Atlantic City.

This opportunity for the ACUA to borrow money through the New Jersey Infrastructure Trust with no interest will enable the Authority to complete several projects at one time, replacing some older equipment which was installed 30 years ago.  A large portion of the total loan, $3,955,000, will be forgiven, and will not need to be repaid.

Some of ACUA’s projects include reconditioning and coating the concrete processing tanks which will extend the life of the tanks an additional 10 to 15 years.  Mechanical drives for these tanks will be replaced, improving efficiency and extending use 20 to 25 years.  The ACUA will also use funding to line pipes at the plant which have shown some wear and replace gates at different points in the treatment process which will give operators better control of the effluent as it moves through the system.  Additional plans include replacing sludge and wastewater pumps as well as expanding and improving odor control systems. “Most importantly, this funding allows us to make major improvements without impacting the ACUA’s ratepayers,” said Maria Mento, Executive Vice President and CFO for the ACUA.

The funding for projects like those planned by the ACUA is part of $203 million in economic stimulus money the New Jersey Department of Environmental Protection (NJDEP) received through the American Recovery and Reinvestment Act, coupled with state low interest loan packages, as part of the state’s Economic Recovery and Assistance plan.



 
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