NEW YORK, NY, AUG 22, 2017 -- The U.S. Environmental Protection Agency has awarded nearly $70 million to New Jersey to help finance water infrastructure projects. The funds will primarily be used to upgrade wastewater and drinking water systems throughout the state.
Of the types of projects on the State's CWSRF Intended Use Plan are $2.1 million to the Cumberland County Utilities Authorityfor wastewater treatment plant improvements and pump station replacements.
In 2017, EPA awarded $54,179,000 to the New Jersey Clean Water State Revolving Fund (CWSRF), administrated by the New Jersey Department of Environmental Protection (NJDEP) and its financing program, the Environmental Infrastructure Trust (NJEIT). This award, plus a 20% state match and repayments from prior CWSRF loans, combined with interest earnings and bond issuances, will enable the financing of up to approximately $510 million of clean water infrastructure projectsin New Jersey.
Also in 2017, EPA awarded $15,680,000 to the New Jersey Drinking Water State Revolving Fund (DWSRF), administrated by NJDEP and its financing program, the NJEIT. This award, plus a 20% state match and repayments from prior DWSRF loans, combined with interest earnings and bond issuances, will enable the financing of up to approximately $115 million of drinking water projectsin New Jersey.
"Providing funds directly to New Jersey emphasizes the importance of partnering with states to help address their unique and critical environmental challenges," said EPA Administrator Pruitt in a press release. "President Trump has made updating our nation's infrastructure a priority, and this grant demonstrates EPA's commitment to carrying out improvements. These types of investments help empower states to protect their natural resources, and grow their economy while solving real environmental problems in local communities."
The Clean Water State Revolving Fund provides low-interest loans and principal forgiveness for the construction of water quality protection infrastructure projects to make improvements to wastewater treatment systems and control pollution from stormwater runoff, which will protect New Jersey's lakes, rivers and the Atlantic Ocean.
"We are pleased to have this financial commitment from the federal government to help improve water infrastructure across New Jersey," said Department of Environmental Protection Commissioner Bob Martin. "Resources such as these will help in the effort to modernize our aging infrastructure in our big cities, small towns and rural areas."
