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PENNVEST loan will breach, replace existing Wetmore Dams A state agency today (July 18) approved more than $500,000 in funding to upgrade the Galeton Borough water supply system, according to state Senator Joe Scarnati. The Pennsylvania Infrastructure Investment Authority (PENNVEST) today approved a $520,127 low-interest loan for the Galeton Borough Authority, according to Senator Scarnati. The authority plans to apply the state funding toward its Wetmore Dam Breachment Project which involves the breaching of both Wetmore Dams and replacing them with two stream channel infiltration galleries with a capacity of 25,000 gallons-per-day. “Clearly, the existing dams have been repaired a number of times, but they’ve deteriorated to the point where the continued corrections became cost prohibitive,” said Senator Scarnati. “This financing will allow the authority to install a new system that is more reliable, and improve the overall quality of life for its customers.” 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. CONTACT: Tim Nyquist |
