TRENTON – New Jersey Environmental Infrastructure Trust Chairman Robert A. Briant, Sr. today announced the sale of more than $25.1 million in refunding bonds to refinance 19 environmental protection projects.
Municipal, county, utilities authorities and private water utilities will save $1.96 million in finance charges on their infrastructure loans.
\”This sale marks the 13th time the Trust has sold bonds to refinance infrastructure projects in New Jersey,\” Chairman Briant said. \”With this sale, 19 borrowers will realize a substantial savings that will help keep costs down for taxpayers and ratepayers. Our low-interest loans have funded 680 projects in New Jersey, totaling more than $4.3 billion.
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