The New Jersey Water Bank - NJWB (formerly New Jersey Environmental Infrastructure Financing Program - NJEIFP)
The New Jersey Water Bank - NJWB (formerly New Jersey Environmental Infrastructure Financing Program - NJEIFP) is a partnership between the New Jersey Department of Environmental Protection (NJDEP) and the New Jersey Environmental Infrastructure Trust (Trust) to provide low cost financing for the design, construction, and implementation of projects that help protect and improve water quality and help ensure safe and adequate drinking water.
The NJWB finances projects by utilizing two funding sources. The Trust issues revenue bonds which are used in combination with zero percent interest funds to provide very low interest loans for water infrastructure improvements. The NJDEP administers a combination of Federal State Revolving Fund (SRF) capitalization grants, as well as the State's matching funds, loan repayments, State appropriations and interest earned on such funds.
Since its inception in 1988, the NJWB has funded 1,350 projects totaling $6.3 billion, provided an estimated $2.3 billion in interest cost savings to the State's taxpayers and ratepayers, and provided over 130,000 direct construction jobs.
What We Fund
View our program catalog and find out what we are funding in 2017.
Municipalities and local government units can save money for a wide variety of water and environmental infrastructure projects by applying for low cost financing through the NJWB. Learn how two New Jersey municipalities funded their projects.