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Feb 17, 2016 11:30 AM

Peirce Island upgrade plan to get public hearing in Portsmouth

The Associated Press

PORTSMOUTH (AP) — The Portsmouth City Council has passed the first reading of a request to borrow $75 million toward a plan to upgrade the existing Peirce Island wastewater plant.

The Portsmouth Herald reports the council voted to pass the reading on Tuesday. A second reading and a public hearing on the project will be held at a meeting on March 7.

Officials say the city is trying to get the $75 million authorization to pay for the plant out of the state's revolving fund loan program, which would be a 20-year term at 2.5 percent.

The total cost of the plant upgrade is about $84 million. Councilors previously voted to spend $10 million toward the design.

It will be the biggest capital project in the city's history if it's approved.

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