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CFPUA sells $44 million in bonds for water, sewer projects

The Cape Fear Public Utility Authority announced Wednesday it sold $44 million in new bonds for projects aimed at maintaining the area’s water and sewer infrastructure.The revenue bonds – $41 million for new projects, including upgrading three wastewater stations in New Hanover County that are over capacity and $3 million to refund 2003 revenue bonds issued by the City of Wilmington – were unanimously approved last month. The bonds were to not exceed $52.2 million.

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