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Displaying Tag: NJTB Loan Closing
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Crews working on Roadway Improvements
NJTB  August 20th, 2026
North Bergen Township Roadway and Pedestrian Infrastructure Improvements
North Bergen Township recently closed on an $3.5 million loan with the NJ Transportation Bank to support roadway and pedestrian infrastructure improvements throughout the township. The project includes roadway resurfacing, potential drainage improvements, curb and sidewalk replacement, and the insta
Crew working on Roadway Improvements
NJTB  August 18th, 2026
Seaside Park Borough K Street Roadway Project
Seaside Park Borough recently closed a $1,254,368 loan with the NJ Transportation Bank to finance roadway and stormwater improvements along K Street and Berkeley Lane.The project includes raising the roadway elevation along K Street to help improve the roadway's resilience and address drainage conce
Carteret Borough Ferry Terminal
NJTB  December 9th, 2025
Carteret Borough Ferry Terminal
The Borough of Carteret recently closed on a $20 million loan with the New Jersey Transportation Bank to construct a new ferry terminal. The Carteret Ferry Terminal ("CFT") will offer residents a convenient and reliable commute to New York City, providing a much-needed transportation alternative tha
Plumsted Township Road and Drainage
NJTB  October 1st, 2025
Plumsted Township Road and Drainage
Plumsted Township recently closed on a $1.3 million loan with the NJ Transportation Bank for considerable upgrades to several roads and drainage systems. This project will create 16 direct one-year construction jobs.The work will include resurfacing Lakeview Drive, repairing culverts on Meadowb
MULTI-AGENCY COLLABORATIVE EFFORT DELIVERS FIRST BOARDWALK LOAN TO SEASIDE PARK
NJTB  July 17th, 2025
MULTI-AGENCY COLLABORATIVE EFFORT DELIVERS FIRST BOARDWALK LOAN TO SEASIDE PARK
LOCATION – Seaside Park Borough ("Seaside Park") recently secured critical infrastructure support through a coordinated effort between the New Jersey Department of Community Affairs (DCA), the New Jersey Department of Transportation (NJDOT), and the New Jersey Infrastructure Bank (I-Bank) to
Seaside Park Boardwalk Replacement
NJTB  July 10th, 2025
Seaside Park Boardwalk Replacement
Seaside Park Borough recently closed on a $12.3 million loan from the NJ Transportation Bank to replace its aging boardwalk along North Ocean Avenue, from 5th Avenue to K Street. Originally built in the 1940s, the deteriorating structure will be removed and replaced with composite decking on treated
Hawthorne Borough Roadway Improvements
NJTB  July 10th, 2025
Hawthorne Borough Roadway Improvements
Hawthorne Township recently closed on a $6.6 million loan with the NJ Transportation Bank to mill and resurface various streets within the Borough. As part of the project, uneven manhole and inlet castings will be reset or reconstructed as needed, and outdated inlet grates and curb heads will b
Raritan Township Roadway Project
NJTB  June 17th, 2025
Raritan Township Roadway Project
Raritan Township recently closed on a $2.6 million loan from the NJ Transportation Bank to reconstruct ten aging roadways originally built in the 1980s. The project includes resurfacing and necessary base repairs to restore pavement conditions and extend the useful life of these roads. All catch bas
Mendham Township Milling and Repaving
NJTB  June 17th, 2025
Mendham Township Milling and Repaving
Mendham Township recently closed on a $2.2 million loan from the NJ Transportation Bank to mill and resurface approximately two inches of pavement across 11 streets. As part of the project, all non-compliant curb ramps in the affected area will be removed and reconstructed to meet current Americans
City of Bayonne Broadway and Avenue E Improvements
NJTB  October 21st, 2024
City of Bayonne Broadway and Avenue E Improvements
The City of Bayonne recently closed on a $1,669,701 loan with the NJ Transportation Bank to resurface and reconstruct Broadway and Avenue E. The project includes hot mix asphalt milling and/or pavement repairs, new concrete curbs, sidewalk and ADA compliant curb ramps, as well as storm/sanitary sewe
Robbinsville Township Country Meadows, Brookshire Estate, and Meadowbrook Road
NJTB  September 25th, 2024
Robbinsville Township Country Meadows, Brookshire Estate, and Meadowbrook Road
Robbinsville Township recently closed a $2,000,000 loan from the NJ Transportation Bank for roadway resurfacing and reconstruction of Meadowbrook Road, which connects to the Thomas J. May Nature Trail and William Tatum Park. Located near Robbinsville High School and Pond Road Middle School, it serve
Mendham Township Milling and Repaving
NJTB  August 8th, 2024
Mendham Township Milling and Repaving
Mendham Township recently closed on a $2,206,000 loan with the NJ Transportation Bank to pave and mill 11 municipally owned streets. Streets to be improved in the southwest corridor of Mendham include Roxiticus Road, Jane Terrace, Saddle Hill Road, Rain Tree Ridge, Beach Lane, Wycoff Way, and McVick
Borough of Little Ferry Road Improvements
NJTB  July 10th, 2024
Borough of Little Ferry Road Improvements
The Borough of Little Ferry recently closed on a $1,791,942 loan with the NJ Transportation Bank for roadway improvements on numerous streets throughout the borough. The improvements include new and upgraded guide rails, raised pavement markers, traffic control devices, safety edges, drainage improv
Seaside Park Boardwalk Replacement Financed by the NJ I-Bank
NJTB  May 21st, 2024
Seaside Park Boardwalk Replacement Financed by the NJ I-Bank
Seaside Heights Borough was approved for more than $12 million in funds from the NJ Transportation Bank to replace its boardwalk over the course of five years. "It's something like a home equity line of credit, "explained David Zimmer, Executive Director of the I-Bank. "You don't pay interest on any
Robbinsville Township Transportation Bank Loan
NJTB  March 8th, 2024
Robbinsville Township Transportation Bank Loan
Robbinsville Township recently closed on a $2,000,000 loan with the NJ Transportation Bank for improvements to Newton Village. All roads within the project area will be milled and paved with base repairs as necessary. Some roads will require full depth excavation as they are severely deteriorated wi
Borough of Prospect Park Transportation Bank Loan Closing
NJTB  January 11th, 2024
Borough of Prospect Park Transportation Bank Loan Closing
The Borough of Prospect Park recently closed on a $600,500 loan from the New Jersey Transportation Bank Financing Program, a low-rate funding program administered jointly by the New Jersey Department of Transportation ("NJDOT") and the New Jersey Infrastructure Bank ("I-Bank"). After resurfacin
Princeton Witherspoon Street Improvements
NJTB  December 15th, 2023
Princeton Witherspoon Street Improvements
Princeton recently closed on an $6,934,000 loan with the NJ Transportation Bank to address pedestrian hazards on Witherspoon Street. Improvements include concrete sidewalks on both sides of the road, with ADA-ramps and crosswalks. All of the curb ramps will be reconstructed with cast iron detectable
Willingboro Township Road Asset Loan Closing
NJTB  December 14th, 2023
Willingboro Township Road Asset Loan Closing
The Township of Willingboro recently closed on a $3,586,334 loan with the NJ Transportation Bank to improve roadways in the township. RoadBotics is a tool that collects images of road networks, analyzes the data, and generates a color-coded map on an online platform. The Township of Willingboro and
Little Ferry Borough Loan Closing
NJTB  November 30th, 2023
Little Ferry Borough Loan Closing
Little Ferry Borough recently closed on a $1,457,834 loan with the NJ Transportation Bank for Roadway improvements. The project will be designed and managed by Remington Vernick Engineers and constructed by Reggio Construction, Inc.
Hoboken City Sinatra Drive Redesign
NJTB  November 29th, 2023
Hoboken City Sinatra Drive Redesign
Hoboken City recently closed on a $6,388,267 loan with the NJ Transportation Bank to redesign Sinatra Drive. The project will improve pedestrian safety by installing five painted curb extensions near Stevens Park, four high visibility crosswalks with ADA-compliant curb ramps, and new pavement markin
Flemington Borough Loan Closing
NJTB  June 24th, 2022
Flemington Borough Loan Closing
Flemington Borough recently closed on a $1,671,550 loan with Flemington Borough for road projects on Corcoran Street, South Main Street and Dewey Road. The scope of the work will include storm drainage reconstruction, curb construction and reconstruction, and a concrete sidewalk and driveway apron.
Raritan Township Loan Closing
NJTB  April 23rd, 2021
Raritan Township Loan Closing
Raritan Township recently closed on a $2,882,950 loan with the New Jersey Transportation Bank for Road resurfacing.The project will include approximately 3,100 linear feet of resurfacing on Hart Boulevard from Shefffield Station Road to Indian Plantation Road. This portion of the roadway has been de
Bayonne City Loan Closing
NJTB  July 3rd, 2020
Bayonne City Loan Closing
The City of Bayonne recently closed on a $2,152,646 loan with the NJ Transportation Bank to replace a deteriorating pedestrian bridge along East 25th Street, spanning from Avenue E to Prospect Avenue.
City of Hackensack Loan Closing
NJTB  June 30th, 2020
City of Hackensack Loan Closing
The City of Hackensack recently closed on a $3,921,780 loan with the NJ Transportation Bank for a two-way conversion of Main Street from Atlantic to Mercer and Mercer to Berry. The Streetscape will include concrete sidewalks, a stone paver walkway, tree grates, benches, parking meters, decorative LE
Little Silver Borough Loan Closing
NJTB  March 20th, 2020
Little Silver Borough Loan Closing
The Borough of Little Silver recently closed on a $2.4 million loan with the NJ Water Bank to install pedestrian sidewalks on Harding Road, Prospect Avenue, Rumson Road, Seven Bridge Road, Little Silver Point Road, Silverside Avenue, Conover Place, Ocean Port Avenue, Willow Drive Kings Road, and Pin
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