New Jersey American Water to invest at least $10 million in sewer system improvements following Borough of Manville acquisition
(UI) – New Jersey American Water has signed an agreement to acquire the sewer system of the Borough of Manville, N.J. for $6.5 million. This municipally owned system serves approximately 3,700 customers, most of whom already receive water service from New Jersey American Water.
As part of the acquisition agreement, and subject to approval from the New Jersey Board of Public Utilities (NJ BPU), New Jersey American Water will invest a minimum of $10 million in sewer system improvements in the ten years following completion of the acquisition. The system upgrades include addressing inflow and infiltration, flood mitigation efforts, and sewer main repairs and replacements. The agreement also includes short- and long-term rate stability proposals.
“Selling the sewer system to New Jersey American Water provides a number of benefits to the Borough and our residents including stabilizing municipal property taxes and freeing up Borough resources to be dedicated to other responsibilities,” said Mayor Richard Onderko. “New Jersey American Water continues to put Manville customers first and I trust them to maintain our sewer system with the same level of responsibility and dedication which they do our water system.”
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