PENNVEST Loan for Foster Township Sewer Project
HARRISBURG – Rep. Martin Causer (R-Turtlepoint) today announced approval of a $4.8 million loan by the Pennsylvania Infrastructure Investment Authority (PENNVEST) for the Foster Township Sanitary Sewer Extension Project.
The project will extend public sewer to 335 structures in the township and eliminate malfunctioning on-lot sewer systems in the area.
“A safe and reliable infrastructure is vital to efforts to facilitate growth and improve quality of life in our community,” Causer said. “This is an important investment in our future.”
The project includes the installation of 100,000 linear feet of low-pressure gravity collection main, 2,100 linear feet of gravity sewer, two pump stations, 335 individual grinder pumps and all related equipment. The term of the loan is 20 years with an interest rate of 1 percent for the first five years and a rate of 1.743 percent beginning in the sixth year through maturity.
PENNVEST provides grants and low-interest loans to communities throughout Pennsylvania for sewer, storm water and drinking water projects.