By Business Wirevia The Motley Fool
Filed under: Investing
Pennsylvania American Water Announces $16.5 Million Investment to Construct and Rehab Water Storage Tanks
HERSHEY, Pa.–(BUSINESS WIRE)– Pennsylvania American Water unveiled today its 2013 construction schedule to build nine new water storage tanks, as well as rehabilitate 14 existing tanks throughout the commonwealth. The new tank construction will provide increased storage capacity to meet customer demand and improve fire protection, while the company’s rehab program of inspecting, sandblasting and repainting the existing tanks will extend their service life and protect water quality.
The estimated cost of the new tank construction is $11.5 million, and the rehab projects total approximately $5 million for a combined capital investment of nearly $16.5 million.
“Storage tanks are a critical component of our water infrastructure, because they ensure that adequate, reliable water supplies are always available for the communities we serve,” said President Kathy L. Pape of Pennsylvania American Water, noting that the company currently owns and maintains more than 275 storage structures. “The new tanks we’re building are necessary to meet customer demands for reliable water service and fire protection.”
New tank construction is planned in the following communities:
- North Annville Township, Lebanon County – 750,000-gallon concrete tank, scheduled for completion by fall. Estimated cost $1.4 million
- Susquehanna Depot Borough, Susquehanna County – 680,000-gallon concrete tank, scheduled for completion by year end. Estimated cost $2.5 million
- Pittston Township, Luzerne County – 1,000,000-gallon steel tank, scheduled for completion by year end. Estimated cost $1.35 million
- Newton Township, Lackawanna County – 400,000-gallon elevated steel tank, scheduled for completion by year end. Estimated Cost $1.6 million.
- Kane Borough, McKeon County – 600,000-gallon elevated steel tank, scheduled for completion by year end. Estimated cost $1.7 million
- Delaware Township (Hickory), Pike County – 100,000-gallon steel tank, scheduled for completion by year end. Estimated cost $490,000
- Delaware Township (Silver), Pike County – 135,000-gallon steel tank, scheduled for completion by year end. Estimated cost $500,000
- East Buffalo Township, Union County – 500,000-gallon elevated steel tank, scheduled for completion by year end. Estimated cost $ 1.75 million.
- Ellwood City, Lawrence County – 200,000-gallon standpipe to supplement existing tank, …read more
Source: FULL ARTICLE at DailyFinance