Pennsylvania American Water secures $42.65 million in PENNVEST infrastructure funding
AWK•Pennsylvania American Water secured $42.65 million in PENNVEST grants and low-interest loans for infrastructure improvements in Pennsylvania. The funding includes a $38 million loan for sewer overflow reduction in Scranton and $4.65 million to replace about 240 lead and galvanized water service lines in Norristown; both loans carry 1% interest over 20 years.
1. Funding for improvements
Pennsylvania American Water secured $42.65 million in PENNVEST grants and low-interest loans for infrastructure improvements. A $38 million loan will fund sewer overflow reduction in Scranton to protect the Lackawanna River, while $4.65 million will finance replacement of approximately 240 lead and galvanized water service lines in Norristown. Both loans carry a 1% interest rate over 20 years.
