The U.S. Environmental Protection Agency (EPA) has awarded a $93,695,800 Formula Grant to the New Jersey Department of Environmental Protection to capitalize the state's Clean Water State Revolving Fund (CFDA 66.458). The purpose of this long-term financing program is to provide low-interest loans to numerous sub-recipients for the planning, design, and construction of eligible water quality improvement and protection projects throughout the state.
One sub-award example is a $TBD loan to the Township of Parsippany-Troy Hills to fund the construction of a new gravity sewer connection. This project will decommission an aging wastewater pumping station and force main, resulting in significant energy savings. The overall benefits of this Formula Grant are to establish and manage an effective, self-sustaining CWSRF program that will improve and protect water quality and public health for New Jersey citizens.
Generated 5/14/24, 9:56 AM