Report Warns of Trouble for Heavily Leveraged N.J. Transit
- Read my lips: No new gas tax? Vantuono, William C. // Railway Age;Apr2010, Vol. 211 Issue 4, p4
The article talks about the gas-tax supported Transportation Trust Fund (TTF) in New Jersey. According to the author, the TTF will be bankrupt by 2011, with all revenue going toward debt service. The author reveals a 300 million U.S. dollars operating shortfall that the state is facing at New...
- Lawmakers to Weigh $1.6B NJTTFA Plan. Kaske, Michelle // Bond Buyer;3/24/2009, Vol. 367 Issue 33085, p1
The article reports on the plan of New Jersey Transportation Trust Fund Authority to borrow $1.3 billion to $1.6 billion of current-interest bonds and capital appreciation bonds in fiscal 2010. The move is part of its plan to support infrastructure improvements for the state Department of...
- ACES ready to go. // Railway Age;Jan2009, Vol. 210 Issue 1, p21
The article announces the plan of NJ Transit to start offering rail service between New York City and Atlantic City, New Jersey through its ACES on February 6, 2009. ACES is a joint venture of Caesars Atlantic City, Harrah's Resort Atlantic City, and Borgata Hotel Casino and Spa. Collectively,...
- NJ Transit maps record capital program. // Railway Age;Apr93, Vol. 194 Issue 4, p6
Announces NJ Transit's unveiling of a $514 million capital improvement program for fiscal year beginning July 1, 1993. Approval required from state legislature and regional planning agencies; Provisions; Smaller projects.
- NJ Transit: On a growth curve. Vantuono, William C. // Railway Age;May93, Vol. 194 Issue 5, p55
Reports on New Jersey Transit's expansion plans for the next five years after 1993. $514 million for 1994; Rail system reconfiguration; Upgrade of existing services; Integration of bus and rail; TransitCheck incentive program; Funding for operations.
- Light rail for New Jersey's waterfront. // Railway Age;May93, Vol. 194 Issue 5, p56
Discusses New Jersey Transit's planned light rail system in Hudson and Bergen counties. Study on Locally Preferred Alternative (LPA) transport system; Transit options; Consensus from 12 municipalities; Timetables; Fleet build-up.
- NJ Transit adds to a `circle of mobility'. Vantuono, William C. // Railway Age;Jul96, Vol. 197 Issue 7, p19
Reports on New Jersey Transit's launching of its MidTOWN DIRECT Service. Features of the service; Benefits of the service for the company's plans to have unified system; Background to the construction of the service.
- New Jersey Transit Approves 22% Fare Hike. Kaske, Michelle // Bond Buyer;4/15/2010, Vol. 372 Issue 33300, p4
The article reports on the approval of a system-wide fare increase of 22 percent to generate 126.6 million dollars in revenue and help close the expected fiscal 2011 deficit by the New Jersey Transit.
- NJ Transit May Hike Fares in May To Offset Funding Cut, Deficit. Kaske, Michelle // Bond Buyer;2/18/2010, Vol. 371 Issue 33268, p7
The article reports on the possibility of New Jersey (NJ) Transit's increasing the fares on buses and trains.