Aqua Pennsylvania has secured low-interest loan funding through the Pennsylvania Infrastructure Investment Authority (PENNVEST) to support its ongoing commitment to replace aging infrastructure across Pennsylvania.
The $77.5 million in funding will support 21 projects to install new and replace aging water mains and fire hydrants over the next three years, resulting in reduced water loss due to leaks and breaks, and improved service and reliability for tens of thousands of customers in Bucks, Montgomery, Delaware, and Chester counties.
These projects will be funded by PENNVEST’s Programmatic Financing (ProFi) program, which allows utilities to seek funding based on annual or multi-year projects, rather than the traditional project-specific lending strategy. Aqua Pennsylvania is the first Pennsylvania Public Utility Commission-regulated water utility to secure funding through the ProFi program.
“These projects will serve our customers for generations to come,” said Aqua Pennsylvania President Marc Lucca. “With some pipes in our state dating back decades, this essential work assists in our commitment to provide the highest quality of service for our customers today and well into the future.”
These projects replace and add 133,400 lineal feet of water mains with more durable, modern materials, reducing the likelihood of main breaks and increasing system reliability in more than a dozen communities served by Aqua Pennsylvania. Improvements include replacing aging pipes in poor condition or those having a history of leaks. The projects also improve public safety with the installation of approximately 80 new fire hydrants.
The water main replacements will positively impact customers in the following communities:
Delaware County: Aldan Borough, Haverford Township, Marple Township, Nether Providence Township, Springfield Township, and Upper Darby Township
Bucks County: Bensalem Township, Lower Southampton Township, and Warminster Township
Montgomery County: Collegeville Borough, Hatboro Borough, Lower Merion Township, and Perkiomen Township
Chester County: Tredyffrin Township, Uwchlan Township, and West Bradford Township
“I am extremely proud of the Aqua Pennsylvania team who diligently identified and pursued this funding,” said Lucca. “These low-interest loans allow us to efficiently complete this work for our customers. I want to specifically thank PENNVEST for their assistance in securing these funds.”
With this $77.5 million in funding, Aqua Pennsylvania has now secured nearly $115 million in grants and low-interest loans for projects across the Commonwealth. Aqua Pennsylvania will continue to seek these funding opportunities as part of its commitment to exemplary service and affordability.
Learn more at Aqua Pennsylvania and how it provides water and wastewater service to approximately 1.5 million people in 32 counties throughout the Commonwealth of Pennsylvania.
