July 16, 2014

NJ Transit to invest $US 1.2bn in 2015

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NJ Transit to invest $US 1.2bn in 2015 Joe Calisi

THE BOARD of New Jersey Transit Corporation (NJ Transit) has approved a capital budget of $US 1.2bn for its 2015 financial year, which started on July 1.

NJ Transit says its priorities for the rail network over the next year will include improving the condition of its infrastructure assets, enhancing safety and reliability, and improving conditions for passengers.

$US 76m is allocated to the Northeast Corridor (NEC) as part of NJ Transit's $US 1bn 10-year investment in its busiest route. Enhancements will include a new $US 30m station at North Brunswick, the Mid-Line Loop grade-separation project, which is intended to improve operations on the NEC, and the upgrading of County Yard.

The budget allocates $US 46m to station improvements and $US 104m for investment in the rolling stock fleet.

Around 40% of the capital budget will come from New Jersey's Transportation Trust Fund.

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