Updated: Jun 26
EPA Announces $500 Million Loan to Modernize Wastewater and Drinking Water Infrastructure in New Jersey
January 5, 2023 | insidernj.com
Today (1/5), 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.
NJ SEED: Water issues dominate this week's news from Trenton. A significant intrusion of cash from the federal government even in the form of a loan will help to accelerate state actions to address serious water management issues.