Projects

NJ I-Bank Water Infrastructure News (WIN): Burlington City borrows $1.8 million in Water Bank Loans, saving ratepayers approximately $993,951.

Burlington City (“the City”) recently completed a meter replacement project that is being financed with $1,798,728 in loans from the NJ Water Bank, a low-rate funding program jointly administered by the New Jersey Department of Environmental Protection (“DEP”) and the New Jersey Infrastructure Bank (“I-Bank”). Total savings for this project is estimated to be $993,951 over the 20-year term of the loan due to low interest costs or 55% of the total project costs as compared to the City financing it independently. In addition, this project created an estimated 21 direct one-year construction jobs.

This project involves the replacement of residential and industrial water meters throughout Burlington City. By delivering more precise and reliable readings, the upgraded meters will encourage water conservation among customers, enable early leak detection, and help reduce overall wastewater flow. In addition, the new metering system will strengthen operational reliability, increase efficiency, and enhance the integrity of the entire water distribution network. 

The upgraded meters play a key role in reducing unaccounted-for water losses, ensuring that more of the treated supply is accurately tracked and billed. Beyond the operational and financial benefits, these improvements will support compliance with regulatory permit requirements, generating greater long-term sustainability and resilience and enable the City to maintain the lowest possible water rates for customers.

According to Barry W. Conaway, Mayor of Burlington City, "As a municipal owned utility, this investment in Burlington City’s water system is about more than just new meters. It’s about protecting our community’s resources and preparing for the future. Thanks to financing through the New Jersey Water Bank, we secured an estimated 55% savings compared to traditional borrowing. That’s a tremendous benefit for our taxpayers. By improving accuracy, efficiency, and reliability, we’re making sure residents and businesses can count on a system that conserves water, reduces waste, and strengthens compliance with state and federal standards. It’s a win for our environment, our economy, and our residents."

This project was designed by ERINJ and the meters were installed by National Metering Service. 

Published 10/8/2025

Pictures courtesy of ERINJ