NJ Transit OKs '07 Capital Plan With $675M in Bond Proceeds

Cataldo, Adam L.
August 2006
Bond Buyer;8/2/2006, Vol. 358 Issue 32436, p6
Trade Publication
The article reports on the approval by New Jersey Transit Authority's board of directors of a $1.5 billion operating budget and a $1.3 billion capital spending plan for fiscal 2007. Bond proceeds amounting $675 million will be utilized to aid finance the capital budget. Almost $370 million in federal grants, and around $134 million in federal earmarks will provide extra funding.


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