Five Water Bank loans authorized
New Jersey Infrastructure BankNew Jersey- Detected
- Oct 15, 2026
- 20 days ago
- Sector
- Capital Projects
- Est. value
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From the meeting
At its October 15, 2026 meeting, the I-Bank approved Resolution No. 26-52 authorizing Water Bank short-term construction loans in excess of $30 million. The approved borrowers were Bergen County Utilities Authority for a power supply and plant-wide mitigation project, Camden County Municipal Utilities Authority for a sludge dryer rehabilitation project, Jersey City Municipal Utilities Authority for Boonton Water Treatment Plant filter upgrades, North Hudson Sewer Authority for phase 3 of its long-term control plan sewer separation project, and North Bergen Municipal Utilities Authority for a 5 million-gallon CSO storage tank.
The stated maximum loan amounts were $418,550,000, $44,150,000, $31,150,000, $69,350,000, and $66,150,000. The resolutions were adopted with six ayes.
- Meeting date
- October 15, 2026
- Agency
- New Jersey Infrastructure Bank
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