POMPTON LAKES LOAN CLOSINGS

June 28th, 2024 NJWB

NJ I-Bank and NJDEP Helping to Improve New Jersey's Infrastructure, One Project at a Time

The Pompton Lakes MUA recently closed on two loans with the NJ Water Bank totaling $16,005,200. One Loan will finance a drinking water project involving Well #3 PFAS treatment. In anticipation of new regulations proposed by the EPA, the MUA is financing planning and design for the construction of a new treatment facility at Well #3 to house equipment for PFAS removal. The project will bring the MUA into compliance with the new drinking water regulations once they go into effect. The second loan for a clean water project will finance the construction of a new pump station. Redevelopment of the business district will result in increased sewage flows. The existing pump station constructed in the mid-1960s has reached its useful life with no additional capacity. The new pump station will be able to handle the anticipated flow increase and bring the station up to date.

For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.

Like us on Facebook and connect with us on LinkedIn.