New Jersey Infrastructure Bank

01/07/2026 | Press release | Archived content

Mendham Township 2024 Road Improvements

NJTIB January 7th, 2026

MENDHAM TOWNSHIP 2024 ROAD IMPROVEMENTS

NJ I-Bank Transportation Project: Mendham Township receives $1.3 million in Transportation Bank loans saving taxpayers approximately $313,272.

NJ I-Bank and NJDOT Helping to Improve New Jersey's Infrastructure, One Project at a Time

Mendham Township recently completed a comprehensive roadway improvement project, that is being financed with a loan for approximately $1.3 million from the NJ Transportation Bank, a low-rate funding program administered jointly by the NJDOT and the NJ I-Bank. Thanks to the program's favorable loan terms, the township anticipates saving an estimated $313,272, approximately 25% of the total project cost, over the 20-year life of the loan. In addition to financial benefits, the project generated an estimated 15 one-year direct construction jobs, contributing to the local economy. The project involved milling and repaving 11 municipally owned streets across the township. The improvements enhance safety, accessibility, and quality of life for residents in Mendham.

According to Sarah Neibart, Mayor of Mendham Township, "These targeted improvements are part of a long-term strategy to maintain our infrastructure while leveraging cost-effective financing tools to minimize the burden on taxpayers. This project is a win for Mendham Township residents - enhancing our local roads, improving public safety, and saving money at the same time. By partnering with the NJ Transportation Bank, we've strategically invested in infrastructure that will serve our community for years to come. It's the kind of practical, forward-thinking governance our residents expect and deserve."

This project was designed and managed by French & Parrello Associates and constructed by Top Line Construction Corp. Picture courtesy of French & Parello Engineers.

For more information, contact the New Jersey Infrastructure Bank at (609) 219-8600.

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New Jersey Infrastructure Bank published this content on January 07, 2026, and is solely responsible for the information contained herein. Distributed via Public Technologies (PUBT), unedited and unaltered, on January 19, 2026 at 00:14 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]