"The Transportation Bank is a unique partnership that will significantly reduce the total cost of local transportation infrastructure."
- NJDOT Commissioner, Diane Gutierrez-Scaccetti
"The savings will enable our communities to increase the number of projects funded and accelerate the construction of projects."
- Former NJIB Chairman, Robert Briant Jr.

The Transportation Bank is Open for Business! HOW TO APPLY

OUR MISSION

The New Jersey Transportation Infrastructure Bank is an independent State Financing Authority responsible for providing and administering low interest rate loans to qualified municipalities, counties, and regional authorities in New Jersey for the purpose of financing transportation quality infrastructure projects.

CONSTRUCTION LOAN PROGRAM
INTEREST RATE
0.30%

10/01/2021 - 10/31/2021
on dollars drawn.

RECENT ARTICLES View all

SFY2022 2ND QUARTER ALLOCATIONS

NJ Transportation Bank announces recipients of fund allocations for the second quarter of SFY2022!Raritan Township has been allocated $2,633...

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BOROUGH OF LITTLE SILVER SIDEWALK PROJECT PHASE II

The Borough of Little Silver recently closed on a $2,518,496 construction loan with the NJ Transportation Bank to complete Phase II of its s...

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HACKENSACK STREETSCAPE

Hackensack City recently completed streetscape improvements that are being funded with approximately $3.9 million in loans from the NJ Trans...

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NJTIB
NEW JERSEY TRANSPORTATION INFRASTRUCTURE BANK