PENNVEST grant, loan supports major sewer project for Burnham Borough
The Burnham Borough Authority will receive more than $10.1 million in financing for a major sewer renovation project that will support economic development and job creation efforts in Mifflin County, according to Senator Jake Corman (R-34).
The Pennsylvania Infrastructure Investment Authority (PENNVEST) today (July 18) awarded a $1,492,732 grant and an $8,679,268 low-interest loan to the Burnham Borough Authority, according to Senator Corman. The authority is expected to apply the funding toward demolition of its entire existing processing units and the construction of a new treatment plant. The project also involves the removal of 1,880 feet combined sanitary/storm sewer line and replacing it with separate lines.
The project will directly impact Standard Steel, LLC, which plans to retain 614 jobs and create 46 full-time jobs and invest $78.5 million in construction and equipment over the next three years and Sheetz, Inc., which plans to create 45 jobs and invest $2.3 million in construction, equipment and other investments over the next three years.
“The current system is overloaded beyond its rated capacity and the equipment is old and outdated,” said Senator Corman. “This grant and loan will allow Burnham to bring its system up to date and put it in a position to handle future economic development and job creation efforts while easing the financial burden that would have to have been borne by ratepayers. That’s a win for the environment and for the local community as well.”
PENNVEST financing is provided through the use of federal funding and prior bond issues by the state. It is not supported by the state’s General Fund budget, which covers the daily operations and services of the Commonwealth.