New Jersey Infrastructure Bank

DEP adds Environmental Justice Category to Annual Governor’s Environmental Excellence Awards

Nominations are being accepted through October 11th for all categories. The excellence awards program is sponsored by the DEP, New Jersey Infrastructure Bank, and the New Jersey Corporation for Advanced Technology. Award winners will be honored at a ceremony to be conducted virtually in December.

“Our environment is an asset to be cherished and nourished by all New Jerseyans,” said David Zimmer, Executive Director of the Infrastructure Bank. “Once again, this year’s award winners have demonstrated a level of creativity and passion that leads the way for others and benefits us all. On behalf of the NJ I-Bank Board and its staff, we celebrate the environmental successes recognized by Governor Murphy and this valuable awards program and are proud to be associated with it.” Read more:

The Murphy Administration invested $386 Million in Water Infrastructure, creating more than 4,600 construction jobs.

Infrastructure projects are supported by zero-interest NJDEP loans and NJ Infrastructure Bank sale of $122.5 Million in Green Bonds.

Governor Murphy’s continuing commitment to infrastructure investments enhance public health, protect the environment, and create green jobs. The NJ Infrastructure Bank (I-Bank) working in partnership with the NJDEP sold $122.5 million of AAA/Aaa rated Environmental Infrastructure Bonds, Acting DEP Commissioner Shawn LaTourette and I-Bank Chair Robert Briant, Jr. announced today.

“As New Jersey recovers from the pandemic, we must seize the opportunity to create family-sustaining green jobs that put our residents back to work building the critical water infrastructure that our state needs to protect our environment and public health,” Acting DEP Commissioner Shawn LaTourette said. “Through the DEP’s incredible partnership with the I-Bank, we combine forces to create the New Jersey Water Bank, which offers innovative and affordable financing for water purveyors and local governments to make investments that promote the public good.”

NJ Transportation Bank announces the recipients of funding allocations for the 4th quarter of SFY2021!

Camden County has been allocated $15,058,710 for the replacement of the White Horse Road Bridge over PATCO and NJ TRANSIT Rail Lines.

1. Bloomfield Township has been allocated $6,980,703 for the 2021 Roadway Reconstruction Program.
2. Raritan Township has been allocated $789,207 for the Case Blvd Reconstruction.
3. Orange City has been allocated $1,868,500 for its 2021 traffic lights project.  The City has also been allocated an additional $1,212,000 for its Main Street Streetscape and Traffic Control project, which had been originally allocated in SFY2021-Q1.
4. Bayonne City has received an additional allocation of $768,584 for the E. 25th Street Pedestrian Bridge Replacement, which had been originally allocated in SFY2020-Q3.

These allocations are based on each project's ranking on the Transportation Bank Project Priority List, as determined by the NJDOT's ranking methodology, as well as the project's readiness to proceed, and are subject to availability of Program funds as well as the Project Sponsor's agreement with the project's Scheduled Award Date.