(WASHINGTON TWP.) — Assemblyman Paul D. Moriarty announced Friday legislation he is sponsoring to fund environmental infrastructure projects will bring more than $78 million for projects in the 4th Legislative District.
“This infusion of cash is going to mean jobs for out-of-work residents across the district,” said Moriarty (D-Camden/Gloucester). “More than that, though, this money will help ensure 4th District residents have access to clean, safe drinking water.”
Moriarty’s bill (A-2927), in conjunction with a second piece of legislation (A-2928), would authorize the New Jersey Environmental Infrastructure Trust to provide loans at or below market rate to help finance the costs of projects included in the “State Fiscal Year 2011 Clean Water Project Priority List” and the “State Fiscal year 2011 Drinking Water Project Priority List.”
At least six projects in the 4th District would be eligible for $78.12 million in funding under Moriarty’s measure.
The New Jersey Environmental Infrastructure Financing Program has completed 23 annual financing cycles and financed 749 projects, totaling over $4.6 billion throughout the State. The program has reduced financing costs for projects by approximately 25 to 30 percent. From its inception, the program has saved borrowers approximately $1.93 billion, generated construction jobs and stimulated significant improvements to the state’s clean water and drinking water infrastructures.
“Investing in our drinking water infrastructure will pay dividends now by putting people back to work,” said Moriarty. “And it will pay dividends for future generations who will have stable, secure access to potable water.”
The measure was released Thursday from the Assembly Appropriations Committee. It now heads to the Speaker, who decides if and when to post it for a floor vote.
A list of projects in the 4th District follows:
- $20.16 million to the Camden County Municipal Utility Authority for sludge management;
- $52.61 million to the Camden County Municipal Utility Authority for an interceptor and sewage treatment plant;
- $2.31 million to the Gloucester County Utility Authority for sludge management;
- $1.68 million to Gloucester Township for storm water management;
- $840,000 to Gloucester Township for non-point source pollution management; and
- $525,000 to the Camden County Board of Education for source wells.
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