BUSINESS BID
CAPITAL INVESTMENT
New Jersey American Water commits to spending a minimum of $9.5 million on the Borough’s wastewater system in the first 10 years of ownership. We estimate that approximately $4.5 million of that will be spent in the first five years before settling into a capital plan that invests approximately $1 million per year in improving the system.
New Jersey American Water has significant financial resources that we deploy via prudent capital investments into the water and wastewater systems that we own, operate, and maintain. New Jersey American Water’s mission of serving the community, providing customers with excellent service, and acting as a steward of the environment drives every decision. Prudent investment planning supports our continued delivery of reliable water and wastewater service.
New Jersey American Water’s approach to capital planning includes a comprehensive planning study program, typically conducted by in-house engineering staff on a five-year schedule. Through these studies, we regularly analyze the systems’ capacity needs, regulatory impacts, service adequacy, and reliability scenarios. System needs are identified, and project costs, alternatives, and risks are assessed. By conducting comprehensive studies of our water and wastewater assets on a regular basis, New Jersey American Water has a clear and objective view of long-term system needs.
This allows for prioritization and systematic planning of capital investments to avoid reactive investments which could cost customers more in the long run.
If selected, New Jersey American Water would execute a robust capital improvement plan totaling $9.5 million over 10 years that would include:
- An aggressive sewer main and manhole replacement and rehabilitation program to address the aging infrastructure and Inflow and Infiltration challenge.