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The Boston Globe

Metro

$366m accord reached to clean up New Bedford Harbor

NEW BEDFORD — A long-departed manufacturing company will pay $366 million to clean the PCB-laden harbor here, the largest cash settlement for a single site in the history of the federal Superfund program, government officials announced Wednesday.

The payment by South Carolina-based AVX Corp., whose predecessor, Aerovox Corp., operated an electrical component plant, will mean the harbor could be clean within seven years — a dramatically shorter timeline than the 40 years or more federal officials once predicted.

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