Mt. Oliver approved for $1.5 million in sewer aid
April 22, 2008
Mount Oliver has been approved by the Pennsylvania Infrastructure Investment Authority (PENNVEST) for $1.5 million in funding for improvements and repairs to its aging and defective wastewater transmission system.
The funding will come in the form of a $750,000 state grant and $763,500 low-interest state loan.
State Rep. Harry Readshaw said the project will include replacement of 1,180 feet of 12-inch sewer lines, spot repairs to another 400 feet of lines, and interior lining of an additional 1,600 feet of sewer pipes.
“This state funding will help Mount Oliver Borough repair some of the hazardous sewer lines that have caused basement flooding and the downstream flow of untreated sewage and storm water,” State Sen. Jay Costa said. “The funding will also ensure that there are no additional rate increases for the nearly 1,500 customers that this sewer system serves.”
The loan will be repaid over 20 years at a rate of 2.109 percent for the first five years and 2.965 percent to maturity. It will cover the total cost of the project.
“This will provide a great boost to Mount Oliver to address sewer problems like basement flooding and overflows that have been plaguing residents for a long, long time,” Rep. Readshaw said. “Customers should be especially glad to hear that the Pennvest interest rate, being well under what could be obtained on the commercial financing market, will make the impact on sewer fees less.”
The Borough of Mount Oliver is served by the Allegheny County Sanitary Authority and is under an Environmental Protection Agency/Department of Environmental Protection Consent Order and Agreement to identify deteriorated sewers and repair sewers that are in the worst condition.
Pennvest was created by the General Assembly in 1988 under the late Gov. Robert Casey. The agency offers low-cost loans and grants to communities throughout Pennsylvania to fund sewer, storm water and drinking water maintenance and improvement projects that protect the environment, create jobs and protect the health of residents.