Borrower: City of North Miami Beach
Location: North Miami Beach, Florida
WIFIA Loan Amount: $44.2 million
Total WIFIA Project Costs: $90.2 million
Population Served by System: 180,000 people
Number of Jobs Created: 288 jobs
Project Description
The City of North Miami Beach Regional Potable Water Improvements project will upgrade the water main distribution system and its existing treatment and auxiliary systems at the Norwood Water Treatment Plant. Plant improvements will include replacing aged pipes, reducing transmission main breaks, and securing drinking water supply to meet current and projected 2030 Average Daily Demand and Maximum Daily Demand.
Project Benefits
- Allows the City of North Miami Beach to meet current and projected 2030 Average Daily Demand and current Maximum Daily Demand as required by the Florida Department of Environmental Protection.
- Reduces pressure losses and main breaks occurring throughout the distribution system.
- Saves City of North Miami Beach an estimated $11.5 million from financing with a WIFIA loan compared to a bond issuance.