Privatization in N.J.?

Cataldo, Adam L.
April 2006
Bond Buyer;4/10/2006, Vol. 356 Issue 32357, p1
Trade Publication
The article reports on the plans of privatizing the New Jersey Turnpike in New Jersey. The state is facing a budget deficit of 4.5 billion dollars, with commitments to education, transportation and its pension system. The moved of privatizing was made by Senator Raymond Lesniak who plans to sell the assets for a minority stake and a combination of debt and equity. The New Jersey Turnpike Authority owns and operates the two lucrative toll roads in the area.


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