The New Jersey Infrastructure Bank (I-Bank) manages the NJ Water Bank and the NJ Transportation Bank. For information on Transportation Bank, see the Transportation Bank page.
New Jersey is rich in water resources. We enjoy abundant rainfall which contributes to a lot of beautiful streams, rivers and lakes. Our Atlantic coastline provides recreation, helps shape our sense of identity, and makes a significant contribution to the state’s economy. Protecting and enhancing New Jersey’s water quality and water infrastructure is vital to the State’s health and economy. To alleviate the challenge associated with the significant investment required to sustain and improve the State’s aging infrastructure systems, the New Jersey Water Bank offers low-cost financing for an extensive range of water quality infrastructure projects.
Since 1986, the NJ Water Bank has partnered with the DEP to issue over $7.2 billion in low-interest loans providing interest cost savings to the State’s taxpayers and ratepayers estimated at over $2.4 billion. In addition, the activity undertaken with these funds has created over 124,000 direct construction jobs establishing the NJ Water Bank as a hallmark of cooperation between the public and private sectors while helping to achieve the State’s environmental and economic priorities.