New Jersey Infrastructure Bank Awards Financial Services Contract to Bergen County Utilities Authority (October 2026)
New Jersey Infrastructure BankPublic Authority · Lawrenceville, NJ- Disclosed value
- Not to exceed $418,550,000; $64,000,000 increase to previously authorized $354,550,000
- From resolution
- Approved
- Oct 15, 2026
- Term
- Not to exceed the maximum statutory term
The 30-second brief
The New Jersey Infrastructure Bank approved a Water Bank Construction Financing Program loan to Bergen County Utilities Authority of up to $418.55 million for the FEMA-Sandy Power Supply and Plant-wide Mitigation Project. The authorization includes a $64 million increase over the previously authorized amount to address higher construction contract costs.
Bergen County Utilities Authority holds this financial services contract with New Jersey Infrastructure Bank. Its other public contracts on record include work for Northwest Bergen County Utilities Authority and Borough of Maywood.
Term as filed: Not to exceed the maximum statutory term.
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Contract details
- Contract type
- Financial Services
- Amount
- Not to exceed $418,550,000; $64,000,000 increase to previously authorized $354,550,000
- Document date
- October 15, 2026
- Term
- Not to exceed the maximum statutory term
- Source document
- New Jersey Infrastructure Bank Resolution No. 26-52 Water Bank Construction Financing Program Loans 2026-10-15 (Resolution)
Bergen County Utilities Authority's other public contracts
More New Jersey Infrastructure Bank contracts
Questions about this contract
Who was awarded the financial services contract by New Jersey Infrastructure Bank?
Bergen County Utilities Authority was awarded this financial services contract by New Jersey Infrastructure Bank, as recorded on October 15, 2026. The contract value is Not to exceed $418,550,000; $64,000,000 increase to previously authorized $354,550,000.
How much is the Bergen County Utilities Authority contract with New Jersey Infrastructure Bank worth?
The Bergen County Utilities Authority contract with New Jersey Infrastructure Bank is valued at Not to exceed $418,550,000; $64,000,000 increase to previously authorized $354,550,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a resolution record, structured as a not-to-exceed (ceiling) agreement.
Where was this contract approved?
This contract appears in New Jersey Infrastructure Bank Resolution No. 26-52 Water Bank Construction Financing Program Loans 2026-10-15 (Resolution), dated October 15, 2026 from New Jersey Infrastructure Bank. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does Bergen County Utilities Authority hold?
Bergen County Utilities Authority may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is New Jersey Infrastructure Bank currently buying?
Explore New Jersey Infrastructure Bank's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.