Learn about program and financing changes coming in SFY2024. Wednesday, March 29, 2023 Water Bank Webinar VideoWater Bank Youtube VideoWater Bank Presentation PDF Transportation Bank Webinar VideoTransportation Bank Youtube VideoTransportation Bank Presentation PDF

New Jersey's Water Bank program will receive almost $1 billion from the Bipartisan Infrastructure Law over the next five years. New Jersey's SFY 2023 budget also allocates $300 million of American Rescue Plan Act (ARPA) funds to the Department of Environmental Protection (DEP) to make transformative

The Rahway Valley Sewerage Authority recently closed on a $5,267,857 loan with the NJ Water Bank to replace three stationary coarse and fine bar screens with three new mechanisms outfitted with multi-rake fine bar screens. Debris buildup and heavy loading has resulted in frequent blinding during hig

The Toms River Municipal Utilities Authority ("TRMUA") recently completed clean water improvements that are being financed with approximately $4 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Total debt service savings for this

The Buena Borough Municipal Utilities Authority ("MUA") recently completed clean water improvements that are being financed with approximately $1.3 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Total savings for this project ar

Roosevelt Borough recently closed on a $453,079 loan with the NJ Water Bank to replace water mains on Homestead Lane, Elm Court, and Cedar Court. These water mains, dating back to 1940, are undersized and tuberculated. This project will ensure adequate water capacity through the mains, reduce the fr

The Ocean Township Sewerage Authority (OTSA) recently completed resilience improvements to one of its pump stations that are being funded with approximately $3.6 million in loans from the NJ Water Bank, a joint low-rate funding program of the DEP and the NJ I-Bank. Including interest cost savings, t

Newark City recently completed clean water improvements that are being financed with over $4 million in loans from the NJ Water Bank, a low-rate financing program jointly administered by the DEP and the NJ I-Bank. Total savings for this project are estimated to be $2,260,844 over the 30-year term of

The North Hudson Sewer Authority recently closed on a $17,190,137 loan with the NJ Water Bank to divert storm flow from contributing streets on El Dorado and Hudson Place and pump it into the combined sewer system of an adjacent drainage area on Boulevard East. This project will mitigate flooding an

Newark City recently completed clean water improvements that are being financed with approximately $19.5 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Total savings for this project are estimated to be $10,945,125 over the 30-y

Middlesex County Utilities Authority ("MCUA") recently closed on a $19,000,000 loan with the NJ Water Bank for Phase V of the Central Treatment Plant (CTP) rehabilitation. The first component of the project consists of HVAC improvements to the administration annex building, including mechanical syst

The Ocean County Utilities Authority ("OCUA") recently closed on a $46,745,553 loan with the NJ Water Bank for improvements to the Central Water Pollution Control Facility (CWPCF) located off Hickory Lane in Bayville Township. The proposed work consists of installation, modifications, and replacemen

On February 16th, 2023, the Alliance for Action held a program at Forsgate Country Club in Monroe Township to recognize and congratulate the people and organizations throughout New Jersey that are working together as partners to construct and ensure the safety and efficiency of the state's infrastru

NEW BRUNSWICK, NJ – The city has unveiled a $36 million plan to make sweeping improvements to its water treatment plant and expand its membrane plant where water is filtered.City Administrator Michael Drulis said the city will borrow the money for these projects through the Infrastructure Ban

The Middlesex Water Company (MWC) recently completed drinking water improvements that are being financed with approximately $8.7 million in loans from the NJ Water Bank, a low-rate financing program jointly administered by the DEP and the NJ I-Bank. For this loan, the I-Bank used funds made availabl

Livingston Township recently closed on three loans with the NJ Water Bank totaling $83,700,000 for the construction of a new PFAS and Dioxane treatment facility to treat the flows from 11 existing wells. These projects will protect public safety and comply with the NJDEP regulations g

The North Hudson Sewerage Authority ("Authority") recently completed clean water improvements that are being financed with approximately $17 million in loans from the NJ Water Bank, a low-rate funding program jointly administered by the DEP and the NJ I-Bank. Total savings for this project are estim

The Joint Meeting of Essex and Union Counties (JMEUC) recently closed on 2 loans with the NJ Water Bank to reduce impacts caused by natural disasters like Superstorm Sandy and to avoid loss of wastewater service. The loans were closed by the municipalities listed below with the respective

The Joint Meeting of Essex and Union Counties (JMEUC) recently closed on a loan with the NJ Water Bank to reduce impacts caused by natural disasters like Superstorm Sandy and to avoid loss of wastewater service. The project will promote resiliency and minimize potential service interruptions. The JM

New Jersey Department of Environmental Protection (NJDEP) Commissioner Shawn LaTourette and Director of Newark Water and Sewer Utilities Kareem Adeem joined other stakeholders on a panel moderated by Radhika Fox, Assistant Administrator, Office of Water—US Environmental Protection Agency (EPA). Co

The City of Newark recently closed on a $3.8 million loan with the NJ Water Bank for the construction of a floatables control netting facility at the Peddie CSO. The project was designed to replace the existing structure with a more robust facility featuring easier maintenance and a longer service l