Newark Is Borrowing $120 Million to Replace Lead Pipes

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Newark Is Borrowing $120 Million to Replace Lead Pipes
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Newark will use a $120 million loan to speed up replacement of the New Jersey city's lead water pipes and reduce elevated levels of lead in drinking water

Newark, N.J., will use a $120 million loan to speed up replacement of its lead water pipes and reduce elevated levels of lead in drinking water, state and local officials said.

The $120 million bond proposal from the Essex County Improvement Authority, which must be formally approved by city and county officials, will enable Newark to replace 18,000 lead service lines over the next 24 to 30 months, county and city officials said, instead of 10 years as previously estimated. Since March, more than 770 lines have been replaced...

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Newark is getting a $120 million loan to fix its water crisis in the next 2-3 yearsNewark is getting a $120 million loan to fix its water crisis in the next 2-3 yearsThe Essex County Improvement Authority will lend $120 million to the city of Newark to replace pipes that are contaminating water with lead, officials announced at a news conference Monday.
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Newark to borrow $120 million to speed replacement of pipes blamed for lead in waterNewark to borrow $120 million to speed replacement of pipes blamed for lead in waterNewark plans to borrow $120M to dramatically cut the time it will take to replace pipes causing elevated lead levels in drinking water.
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