The US Environmental Protection Agency (EPA) has awarded nearly $84.5 million to New Jersey to help finance water infrastructure projects that are essential to protecting public health and the environment. The funds will primarily be used to upgrade wastewater and drinking water systems throughout the state.
“Working with our state and local partners to ensure our communities have affordable access to clean drinking water remains a critical priority for EPA, said EPA Regional Administrator Pete Lopez. “We are pleased to provide significant funding as part of our overall efforts to help New Jersey meet its critical water infrastructure needs.”
EPA awarded $65,589,000 to the New Jersey Clean Water State Revolving Fund (CWSRF) program and $18,957,000 to the New Jersey Drinking Water Revolving Fund (DWSRF) program. These two programs are administrated by the New Jersey Department of Environmental Protection (NJDEP) and its financing program, the New Jersey Infrastructure Bank (NJIB).
These awards, plus a 20% state match and repayments from prior CWSRF and DWSRF loans, combined with interest earnings and bond issuances, will enable the financing of up to approximately $450 million of clean water and drinking water infrastructure projects in New Jersey.
Based on estimates from the U.S. Water Alliance, New Jersey’s CWSRF and DWSRF programs have the potential to create approximately 7,000 jobs.
The CWSRF program provides low-interest loans and principal forgiveness for the construction of water quality protection infrastructure projects to correct combined sewer overflows, to make improvements to wastewater treatment systems, and to control pollution from stormwater runoff, which, in turn, help to protect New Jersey’s lakes, rivers and the Atlantic Ocean.
Examples of the types of projects on the State’s CWSRF Intended Use Plan are:
Examples of the types of projects on the State’s DWSRF Intended Use Plan are:
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