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Recovery Projects

PENNVEST Low Interest Loan Program

Program Description

Program Name: PENNVEST Low Interest Loan Program
Point of Contact: Bernie Brunwasser, Commissioner

The American Recovery and Reinvestment Act of 2009 (ARRA provided funding for water & wastewater projects to states through the existing State Revolving Fund (SRF) Programs. In Pennsylvania these programs are managed by the Pennsylvania Infrastructure Investment Authority (PENNVEST). The Philadelphia Water Department (PWD) submitted $241.4 worth projects to PENNVEST. PWD was awarded $200,000 of ARRA funds for low-interest loans for water piping and water treatment plant projects. PWD received an additional 199.7 million of non-ARRA low-interest loans for water piping and sewer piping, water treatment plant and green projects.

Why Apply for this Grant?

Advancing the Philadelphia Water Department planned capital program.

Program Objective

$100,000 of ARRA funded low-interest loans will contribute to Water Distribution System Improvements projects that consist of 14 miles of water main replacement and the construction of a new 14 million-gallon per day (MGD) potable water pump station. $100,000 of ARRA funded low-interest loans will contribute water Treatment Plant Improvements consist of a variety of infrastructure rehabilitation projects at our water treatment facilities in order to maintain the facilities in proper working order to meet our regulatory requirements. The attached map shows where water distribution, wastewater collection and water treatment plant projects will take place around the City. $30 million in green infrastructure projects will take place in model neighborhoods across Philadelphia.

Jobs Created/Retained

These projects vary in size and complexity and will be able to employ small, mid-size and large construction firms as well as firms in a variety of disciplines such as civil, mechanical, electrical, and specialty pipe lining firms. Given the fact that these projects are “shovel ready”, and employ a broad spectrum of both size and type of firms, the stimulus to the local economy should be quick and far-reaching. MBE/WBE goals on these projects run as high as 20 percent. Full job creation reports will be available once the project is underway.

 

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Projects that Mayor Nutter hopes to fund out of the Recovery Act