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Newark completes combined sewer overflow project with $4.1M loans from I-Bank
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Newark completes combined sewer overflow project with $4.1M loans from I-Bank
The City of Newark has completed combined sewer overflow (CSO) improvements financed with approximately $4.1 million in loans from the New Jersey Water Bank, a low-rate funding program administered by the DEP and the New Jersey Infrastructure Bank (I-Bank). Because this project addressed CSO issues and met affordability criteria, it qualified for 100% principal forgiveness. As a result, the city is expected to save the full cost of the project c…
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