EPA announces $221 million loan to upgrade water infrastructure for approximately six million New Jersey residents

Nationally, 84 WIFIA loans finance $32 billion in water infrastructure improvements, creating 96,000 jobs

WASHINGTON – Today, at an event with New Jersey Department of Environmental Protection (NJDEP) Commissioner Shawn M. LaTourette and other local officials, Deputy Administrator of the U.S. Agency Environmental Protection Agency (EPA) for Water, Radhika Fox, announced a $221 million Water Infrastructure Finance and Innovation Act (WIFIA) loan to the New Jersey Infrastructure I-Bank. With this loan, the New Jersey State Revolving Fund (SRF) Program, a partnership between NJDEP and I-Bank, is investing in 28 water infrastructure projects to upgrade water systems to protect public health and the environment for more than 5.8 million people in the state.

“The EPA is proud to partner with New Jersey to innovatively invest WIFIA funding and benefit many communities by removing unsafe lead service lines, strengthening drinking water systems, returning wastewater safely in the environment and uplifting low-income communities and communities of color,” said EPA Assistant Administrator for Water Radhika Fox. “The EPA is working to ensure that all Americans have clean, safe water, through the WIFIA program and by investing $50 billion in water through the bipartisan Infrastructure Act.”

This WIFIA funding, combined with New Jersey’s SRF funds, will support $588 million in infrastructure for New Jersey communities that will advance public health, save money and create local jobs. New Jersey Infrastructure Bank’s SRF project pool includes 26 drinking water projects that address local challenges, including removing contaminants, preventing leaks, improving system resiliency, and replacing service lines. lead service. Two wastewater treatment projects will also receive funding. These projects will improve treatment capacity and provide a higher level of treatment in wastewater treatment facilities. The entities that receive this funding serve more than 5.8 million people. This includes six disadvantaged communities that will receive approximately $360 million in funding or 61% of the total.

“With support from the EPA, these critical investments will collectively benefit more than half of the state’s population, including New Jerseyans in communities most at risk from flooding, clean water contamination and inadequate sewage treatment infrastructure,” said New Jersey Governor Phil Murphy. “In New Jersey, we recognize that the state of our economy is inextricably linked to the health of our residents and our environment. By generating jobs and maintaining water affordability, these projects will not only advance public health and sustainability, but also stimulate economic growth.

“Four years ago, I worked with colleagues from both sides of the aisle to expand access to WIFIA loans to address the backlog of long-overdue water infrastructure projects in America,” said Senator Cory Booker. “I am encouraged to see New Jersey partner with the EPA and use these loans to fund critical initiatives that will improve water systems, keep drinking water safe, and protect health and safety. communities in our state.”

“Upgrading drinking water and sanitation infrastructure is a matter of public health, environmental safety, and racial and economic justice,” said Senator Robert Menendez. “New Jersey is home to some of America’s oldest cities, and many struggle with aging water infrastructure, including lead pipes and outdated sewage and stormwater systems. This federal and state partnership will put people to work to replace lead water pipes, upgrade sewage systems and reduce wastewater pollution, with a renewed focus on underserved communities that too often bear the brunt of our environmental crises.

“The bipartisan infrastructure act has always been about more than just investing in new, well-paying jobs and fixing roads and bridges,” said Andy Kim, Congressman (NJ-03). “Every American deserves the comfort of knowing that the water entering their home is safe to drink. I’m proud to have voted for the bipartisan infrastructure act that reauthorized the WIFIA loan program and I’m even happier than Brick and Moorestown – two townships in my district – are about to see major investments in their water infrastructure. These projects are critical to health and safety, and I look forward to more projects to come in the New Jersey in the coming months.”

“Today’s announcement is great news for our state and our residents, who all have a basic human right to safe drinking water and deserve to be able to trust the water that comes out of their taps,” said declared Congressman Frank Pallone, Jr., Chairman of the House Energy and Commerce Committee (NJ-06). “These federal funds will help restore that trust by making critical improvements to our local water systems by improving reliability, eliminating contamination, replacing toxic lead service lines, and protecting New Jerseyans from harm. unsafe drinking water. I am thrilled to know that our communities will be safer with this funding and will continue to fight to build on this progress and further improve our state’s critical infrastructure.

“Since day one, I have fought to ensure that our children have clean, lead-free and chemical-free drinking water,” said Congressman Josh Gottheimer (NJ-05). “This new investment will directly address the concerns I hear regularly from parents that the water their children are drinking may not be safe.”

“Every family, school and business in South Jersey deserves clean water. That’s why I fought to pass the Infrastructure Investment and Jobs Act, which provides hundreds of millions of dollars for water supply projects that will protect our health and create good jobs. “, said Congressman Donald Norcross (NJ-01).

“Much of the water infrastructure in our district is aging and in dire need of repair,” said Congressman Tom Malinowski (NJ-07). “This assistance from the EPA will modernize our deteriorating systems and ensure residents of Hunterdon, Somerset and Morris counties have access to clean, safe water.”

“This announcement is great news for our North Jersey district and for our entire great state,” said Congressman Bill Pascrell (NJ-09). “As New Jersey continues to grow, aggressive funding of these infrastructure projects is critical to ensuring our state has the resources in place for the next generation. The water bank and its work is a critical piece of this puzzle. Government works best when our federal and state leaders work together to deliver results for our communities. I thank the Biden and Murphy administrations for working together on behalf of Garden Staters.”

“Today’s announcement opens the door to the completion of many critical water infrastructure projects in my district and across the state,” said Congressman Donald Payne, Jr.. (NJ-10). “This funding will be used to fund projects such as lead pipe replacement in Newark, water main replacement in Jersey City and water main replacement in East Orange. I am proud to continue the work in Congress to improve the nation’s water infrastructure and am grateful to the Biden administration for its efforts to prioritize infrastructure investments in underserved communities.

“We are very grateful to the EPA for this loan. Modernizing our water infrastructure and doing it wisely is a high priority for the Murphy administration,” said Shawn M. LaTourette, Commissioner of the New Jersey Department of Environmental Protection. “Upgrading this infrastructure will ensure the highest standards of public health and environmental protection, such as the significant upgrades to this Moorestown water treatment plant, and create jobs and economic growth. . This WIFIA loan will create approximately 1,800 jobs and save the state approximately $51 million in NJ State revolving funds, allowing I-Bank to finance more projects without costing a penny to the borrowers or to the State.

For more information about the WIFIA program, visit https://www.epa.gov/wifia.

Background

Established by the Water Infrastructure Funding and Innovation Act of 2014, the WIFIA program is a federal loan and guarantee program administered by the EPA. WIFIA’s objective is to accelerate investments in the country’s water infrastructure by providing additional long-term, low-cost credit support for projects of regional and national importance. The WIFIA program has an active pipeline of pending applications for projects that will result in billions of dollars in water infrastructure investment and thousands of jobs. The WIFIA program will prioritize projects that help achieve the goals of President Biden’s Justice40 initiative, which aims to ensure that federal agencies provide at least 40% of the benefits of certain investments to underserved communities.

With the closing of this WIFIA loan, the EPA announced 84 WIFIA loans that provide $15 billion in credit assistance to help finance approximately $32 billion for water infrastructure while creating approximately 96,000 jobs and saving over $5 billion to taxpayers.

For more information on WIFIA program achievements through 2022, visit: https://www.epa.gov/wifia/wifia-annual-report.

Leave a Reply