EPA ANNOUNCES $500 MILLION LOAN TO MODERNIZE WASTEWATER AND DRINKING WATER

This is the first loan EPA is issuing through its new SWIFIA program

WASHINGTON - Today, the U.S. Environmental Protection Agency (EPA) announced a $500 million loan to the New Jersey Infrastructure Bank to modernize wastewater and drinking water systems serving over 10 million people throughout New Jersey. This is the first loan issued through the State Infrastructure Financing Authority Water Infrastructure Finance and Innovation Act (SWIFIA) program, which provides loans exclusively to state infrastructure financing authority borrowers, commonly known as state revolving fund programs. Read more: https://nj.gov/governor/news/news/562023/approved/20230105b.shtml.