NJ Transit unveils $1.9B asset monetization strategy
NJ Transit unveiled a LAND plan to generate $1.9 billion in revenue through real estate development, clean energy and partnerships.
Suggestions
New Jersey’s $5.33B plan prioritizes infrastructure preservation
Under the proposal, NJDOT is allocated $3.63 billion, while NJ Transit would receive $1.7 billion. An additional $784 million is designated for local transportation projects.
New Jersey approves $393M for NJ Transit bus modernization
The new buses will provide twice the capacity for customers while featuring new technologies that reduce vehicle exhaust emissions.
New Jersey launches interactive website that tracks state BIL funding
Bipartisan Infrastructure Law Formula Funding Tracker explains how the state will use more than $7 billion in federal funding over five years
New Jersey receives $75 million for rail facilities damaged by Hurricane Ida
Plans call for replacing the 70-year-old and flood-prone Wood-Ridge facility with a larger, energy-efficient and modernized version on NJ TRANSIT property
