May 3, 2011

Tuesday’s Water News: Massachusetts to Borrow Another $100M for Water System Improvements

Posted in Idaho, Maryland, Massachusetts, New York, Oregon, Tennessee, Vermont, Wisconsin at 12:50 pm by bengann

Top Story
The Massachusetts Water Resources Authority, which is already saddled with nearly $6 billion in debt, is planning to borrow an additional $100 million to pay for capital improvements to its delivery and storage network in the months ahead. Moody’s Investor Services says much of the authority’s borrowing has been used to finance more than $7 billion in water-system upgrades, but warned that its debt-service obligations will see a “sizable peak” at the end of this decade.

Other Headlines
Town officials in St. Johnsbury, Vermont have broken ground on a $5.3 million project to replace water and sewer infrastructure on St. Johnsbury’s south side. The south side effort is the third phase of the four-phase, $15 million infrastructure project, funded largely by federal stimulus money.

The city of Klamath Falls will enter into a $1 million revolving fund loan agreement with the state of Oregon to lay the foundation for future loans needed to upgrade the wastewater treatment plant. The agreement barely makes a dent into the $40 million it needs to completely upgrade its wastewater treatment plant.

The preliminary cost estimate for damage to public infrastructure in Saranac Lake, New York caused by flooding of Lake Flower and the Saranac River over the past week is in the $5 million range.

In Rockville, Maryland, a sewer line break between Rockville and Garrett Park caused delays for MARC train riders on all Brunswick Line trains into Washington, D.C. this morning.

Water and Sewer Rate News
Ellsworth, Wisconsin
Jerome, Idaho
Holden, Massachusetts
Knoxville, Tennessee

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