New Jersey Environmental Infrastructure Trust NJEIT.org

WISE Calculator - Financing Cost Estimate

P.L. 2017, c. 71, Section 2 requires the NJEIT, in conjunction with the Department of Environmental Protection ("DEP"), to provide a Local Government Unit ("LGU") seeking to finance at least $1 million to construct an environmental infrastructure project with:

  • (i)A description of the priority system used by the DEP in awarding financing under the New Jersey Environmental Infrastructure Financing Program (the "Financing Program"). The description of the priority system for the current fiscal year is set forth in detail in the annual publication of the NJEIT, State Fiscal Year Priority System and Project Priority List ("January Report") (click here to view the Priority System); and
  • (ii)A Financing Cost Estimate ("FCE") comparison of the cost of financing the project through the NJEIT and DEP's joint Financing Program versus independently through the LGU's own bond process.

To generate the FCE Report, please complete the requested information and click "Calculate Report." The FCE Report will be produced immediately and available for printing.

P.L. 2017, c. 71, also directs that, beginning November 7, 2017, any local government or Authority wishing to independently finance an environmental infrastructure project costing at least $1 million, must present a copy of the FCE Report to the Director of the Division of Local Government Services or the Local Finance Board, respectively, as part of their review process. The FCE is not required to be submitted by LGUs who intend to finance their environmental projects through the Financing Program. Please consult your bond counsel for further details.

Water Infrastructure Savings Enabling (WISE) Calculator

Sponsor / Borrower Information
DEP / EIT Loan Ratio
Project Information
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Project cost cannot be negative or zero. Please adjust project cost values.
Estimated at 3% of Building Construction Cost
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Estimated at 12% of Building Construction Cost
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Estimated at 5% of Building Construction Cost
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Limited to 5% of the total Construction Cost.
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Including building construction cost, administrative expenses, engineering, planning and design, soft costs, etc.
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Lesser of the project's useful life or thirty (30) years
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