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This Investor Relations site is intended to provide current and potential investors broad information about the financing programs and related public bond issues administered by the New Jersey Infrastructure Bank (I-Bank). We welcome your interest in our programs. Please direct any specific questions or feedback to the contact information located at the top, right corner of this site.
The I-Bank is an independent State Financing Authority responsible for providing and administering low-interest rate loans to qualified municipalities, counties, regional authorities and water purveyors in New Jersey (NJ) for the purpose of financing local transportation and water-quality related infrastructure projects under two separate financing Programs: the NJ Transportation Bank and the NJ Water Bank. The I-Bank partners with the NJ Department of Environmental Protection (NJDEP) to administer the NJ Water Bank and partners with the NJ Department of Transportation (NJDOT) to administer the NJ Transportation Bank. The I-Bank’s mission is to finance projects that enhance ground and surface water resources, ensure the safety of drinking water supplies, protect the public health, reduce roadway congestion, improve highway safety and contribute to New Jersey’s role as a critical channel for commerce. The benefits of investing in infrastructure include stimulating the economy and reducing environmental and health impacts, while enhancing the quality of life within the participating communities.
Learn about our environmental, social, and governance program, and how we bring those values to life with green bonds, sustainable projects, and more.View Program Details
I-Bank Bulletin Vol. 223-01
Please see attachment
NEW BRUNSWICK, NJ – The city has unveiled a $36 million plan to make sweeping improvements to its water treatment plant and expand its membrane plant where water is filtered.
City Administrator Michael Drulis said the city will borrow the money for these projects through the Infrastructure Bank (I-Bank), a state-authorized agency that provides funding to municipalities at subsidized rates. Through the I-Bank, the city will pay 0% interest on half the money it borrows.
"So, because we go to the I-Bank, they work with the Department of Environmental Protection and they're helping us finance the whole program, which is saving the city millions of dollars," Drulis said. Read more: https://bit.ly/NewBrunswickPipes
On February 16th, 2023, the Alliance for Action held a program at Forsgate Country Club in Monroe Township to recognize and congratulate the people and organizations throughout New Jersey that are working together as partners to construct and ensure the safety and efficiency of the state's infrastructure. The NJ Water Bank was recognized for financing the following three projects and their impact on the state’s infrastructure:
Round Valley Reservoir Preservation Project: The Round Valley Reservoir (RVR) in Clinton Township holds more than 55 billion gallons of water at peak capacity. To ensure the reservoir can provide water to millions of New Jerseyans well into the future, the New Jersey Water Supply Authority is undertaking a $75 million dollar rehab project to the RVR. The RVR has three dams, each of which is being upgraded with “chimney drains,” structures that meet some of today’s highest standards.
Trenton City 5-Year Lead Service Line Replacement Project: The Trenton Water Works (TWW) recognizes the need and has begun to replace lead water service lines throughout its entire system, including the City of Trenton, which has more than 90,000 residents, as well as Ewing, Hamilton, and Lawrence Townships. There are an estimated 62,000 lead service lines among TWW’s residential customers. With approximately 40,000 lead service lines left to replace, TWW is continuing with this project to ensure the safety and well-being of all its service area recipients.
Jersey City MUA Phase 1-2 Sewer Rehabilitation: The Jersey City MUA is pursuing green infrastructure projects to reduce the impacts to the community of overflows from its combined sewer systems. The project involves the rehabilitation of existing combined sewer mains and associated manholes, inlets, and other related infrastructure. Under this project, approximately 7,400 linear feet of existing combined sewer mains are being repaired by cured-in-place pipe lining, including associated sewer cleaning, internal television inspection, pipeline sealing, and other ancillary work. The project will restore the structural condition and hydraulic capacity of the targeted combined sewers. This remediation work is necessary to prevent continued deterioration and eventual failure of the sewers, which could result in the backup and discharge of raw sewage. By mitigating raw sewage discharge, this remediation work also prevents further degradation of the already impaired quality of the surrounding Hackensack River, Newark Bay, and Hudson River.
Assistant Director & Chief Legal and Compliance Officer
Chief Operating Officer, Transportation Program