New Jersey Infrastructure Bank
New Jersey Infrastructure Bank
24/07/2024 | Press release | Distributed by Public on 24/07/2024 20:35
NJ WATER BANK SURPASSES $1B WATER INFRASTRUCTURE MILESTONE IN SFY2024
NJ I-Bank and NJDEP Helping to Improve New Jersey's Infrastructure, One Project at a Time
The New Jersey Water Bank, a partnership between the New Jersey Department of Environmental Protection and the New Jersey Infrastructure Bank that provides low-cost financing for projects to improve local clean- and drinking-water infrastructure, has for the first time surpassed $1 billion in fiscal year project financing.
In Fiscal Year 2024, which concluded June 30, the Water Bank provided financing for 116 clean water projects (wastewater and stormwater treatment) totaling $838 million and financing for 31 drinking water projects, totaling $240 million. These projects represent a combined $1.078 billion in infrastructure financing. The previous record was $769.5 million in Fiscal Year 2021.
For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.