CLIFTON - A week after a water main break caused a massive sinkhole in Jersey City, a bill introduced today aims to repair New Jersey's aging water infrastructure.

The bill, called the Sustainable Water Infrastructure Investment Act, was unveiled on Broad Street in Clifton, the spot where a pipe burst and wasted some 40 million gallons of water last August.

State lawmakers say many of the pipes carrying water around the Garden State are 50-100 years old.

Legislators say taxpayers would contribute some $300 million over 10 years for the upgrades. Additional funding would come from private firms. Lawmakers say the infrastructure overhaul could create 1 million jobs.Crews work to repair Jersey City sinkholeWater main break in Jersey City floods homes