Pennsylvania American Water has secured $19.3 million in funding from PENNVEST, comprising low-interest loans and a grant for two major infrastructure projects. The first project, supported by a $15.2 million loan at 1% interest over 30 years, will upgrade the Kinzua Road Wastewater Treatment Plant in Kane Borough, increasing its capacity from 3.5 MGD to 5.25 MGD.
The second project, funded by a $2.46 million loan and $1.64 million grant, aims to replace 250 lead water service lines in Homestead Borough, Allegheny County. The loan terms are 1% for the first five years and 1.743% for the remaining 15 years of the 20-year period. These improvements will enhance water quality and reduce combined sewer overflow events.
Pennsylvania American Water ha ottenuto 19,3 milioni di dollari di finanziamenti da PENNVEST, che comprendono prestiti a basso interesse e una sovvenzione per due importanti progetti infrastrutturali. Il primo progetto, supportato da un prestito di 15,2 milioni di dollari con un interesse dell’1% per 30 anni, prevede l’aggiornamento del Kinzua Road Wastewater Treatment Plant nel comune di Kane, aumentando la sua capacità da 3,5 MGD a 5,25 MGD.
Il secondo progetto, finanziato da un prestito di 2,46 milioni di dollari e una sovvenzione di 1,64 milioni di dollari, mira a sostituire 250 tubazioni di servizio idrico in piombo nel Homestead Borough, Contea di Allegheny. I termini del prestito prevedono un interesse dell’1% per i primi cinque anni e dell’1,743% per i restanti 15 anni del periodo di 20 anni. Questi miglioramenti miglioreranno la qualità dell’acqua e ridurranno gli eventi di sovraccarico delle fognature combinate.
Pennsylvania American Water ha conseguido 19,3 millones de dólares en financiamiento de PENNVEST, que incluye préstamos a bajo interés y una subvención para dos importantes proyectos de infraestructura. El primer proyecto, respaldado por un préstamo de 15,2 millones de dólares con un interés del 1% durante 30 años, actualizará la Kinzua Road Wastewater Treatment Plant en el municipio de Kane, aumentando su capacidad de 3,5 MGD a 5,25 MGD.
El segundo proyecto, financiado por un préstamo de 2,46 millones de dólares y una subvención de 1,64 millones de dólares, tiene como objetivo reemplazar 250 líneas de servicio de agua de plomo en el Homestead Borough, Condado de Allegheny. Los términos del préstamo son del 1% durante los primeros cinco años y del 1,743% durante los restantes 15 años del período de 20 años. Estas mejoras mejorarán la calidad del agua y reducirán los eventos de desbordamiento de alcantarillado combinado.
펜실베이니아 아메리칸 워터는 PENNVEST로부터 1,930만 달러의 자금을 확보했습니다. 이 자금은 저금리 대출과 두 개의 주요 인프라 프로젝트를 위한 보조금으로 구성됩니다. 첫 번째 프로젝트는 30년 동안 1%의 이율로 1,520만 달러의 대출을 지원받아 킨주아 로드 폐수 처리 시설을 업그레이드하여 용량을 3.5 MGD에서 5.25 MGD로 증가시킬 것입니다.
두 번째 프로젝트는 246만 달러의 대출과 164만 달러의 보조금으로 자금을 지원받아 호미스테드 자치구, 알레게니 카운티에서 250개의 납수도관을 교체하는 것을 목표로 합니다. 대출 조건은 처음 5년 동안 1%, 이후 20년 동안 나머지 15년은 1.743%입니다. 이러한 개선은 수질을 향상시키고 결합된 하수 오버플로우 사건을 줄일 것입니다.
Pennsylvania American Water a obtenu 19,3 millions de dollars de financement de PENNVEST, comprenant des prêts à faible intérêt et une subvention pour deux grands projets d’infrastructure. Le premier projet, soutenu par un prêt de 15,2 millions de dollars à 1% d’intérêt sur 30 ans, mettra à niveau la Kinzua Road Wastewater Treatment Plant dans la commune de Kane, augmentant sa capacité de 3,5 MGD à 5,25 MGD.
Le deuxième projet, financé par un prêt de 2,46 millions de dollars et une subvention de 1,64 million de dollars, vise à remplacer 250 conduites d’eau en plomb dans le Homestead Borough, Comté d’Allegheny. Les conditions du prêt sont de 1% pour les cinq premières années et de 1,743% pour les 15 années restantes de la période de 20 ans. Ces améliorations amélioreront la qualité de l’eau et réduiront les événements de débordement des égouts combinés.
Pennsylvania American Water hat 19,3 Millionen Dollar an Fördermitteln von PENNVEST gesichert, darunter zinsgünstige Darlehen und einen Zuschuss für zwei große Infrastrukturprojekte. Das erste Projekt, unterstützt durch ein Darlehen von 15,2 Millionen Dollar mit 1% Zinsen über 30 Jahre, wird die Kinzua Road Wastewater Treatment Plant in der Gemeinde Kane aufrüsten und die Kapazität von 3,5 MGD auf 5,25 MGD erhöhen.
Das zweite Projekt, finanziert durch ein Darlehen von 2,46 Millionen Dollar und einen Zuschuss von 1,64 Millionen Dollar, zielt darauf ab, 250 Bleirohrleitungen im Homestead Borough, Allegheny County zu ersetzen. Die Darlehensbedingungen betragen 1% für die ersten fünf Jahre und 1,743% für die verbleibenden 15 Jahre des 20-jährigen Zeitraums. Diese Verbesserungen werden die Wasserqualität erhöhen und die Ereignisse von kombinierten Abwasserüberläufen reduzieren.
Positive
- Secured $19.3M in low-interest funding for infrastructure improvements
- Treatment plant capacity increase by 1.75M gallons per day
- 250 lead service lines to be replaced, improving water quality
- Favorable loan terms: 1% interest for wastewater plant project
Negative
- Significant debt addition with $17.66M in new loans
- Extended 20-30 year loan repayment commitments
The Shapiro administration recently announced that Pennsylvania American Water was awarded two low-interest loans and a grant from the Pennsylvania Infrastructure Investment Authority (PENNVEST) totaling
“At Pennsylvania American Water, we strive to provide our customers with high-quality, reliable water and wastewater services while also meeting environmental standards and regulations. We’re thankful to PENNVEST for approving funding requests for projects that will support us in those efforts,” said Pennsylvania American Water Interim Vice President of Engineering Tony Nokovich. “This funding will have a positive impact on the service provided for many of our customers by enabling us to continue our efforts to remove lead service lines and also to repair aging wastewater infrastructure.”
A PENNVEST loan of
Another
The terms of the loan for the Kinzua Road Wastewater Treatment Plant project are
About American Water
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About Pennsylvania American Water
Pennsylvania American Water, a subsidiary of American Water, is the largest regulated water utility in the state, providing high-quality and reliable water and wastewater services to approximately 2.3 million people.
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Media Contact:
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david.misner@amwater.com
Source: Pennsylvania American Water
FAQ
How much funding did Pennsylvania American Water receive from PENNVEST?
Pennsylvania American Water received $19.3 million in total funding, including loans and a grant from PENNVEST.
What is the capacity increase planned for the Kinzua Road Wastewater Treatment Plant?
The plant’s peak wet weather flow capacity will increase from 3.5 million gallons per day (MGD) to 5.25 MGD.
How many lead service lines will be replaced in Homestead Borough?
250 identified lead water service lines will be replaced in Homestead Borough, Allegheny County.
What are the loan terms for the Kinzua Road Wastewater Treatment Plant project?
The loan terms are 1% interest for the full 30-year loan period.