Private partners to fund overdue energy upgrades at government facilities?

New Jersey Statehouse in Trenton

TOM JOHNSON / NJ SPOTLIGHT – With an aging, and often obsolete energy infrastructure in government-owned facilities in New Jersey, lawmakers are pushing a bill that would allow the private sector to invest in energy-related projects at those facilities.

The bill (S-2958)/(A-4535) won approval from committees in both houses last week, a sign that legislators are warming to the idea of private investments funding long neglected projects because of increasing constraints on local and other government entities.

To advocates, the concept represents a cost-effective way to fund projects that could help governments reduce energy costs, improve resiliency and develop cleaner ways of meeting government facilities’ energy needs …

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