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Article: New Jersey Turnpike Agency Plans To Invest $8B in Capital Projects.
- Article from:
- The Bond Buyer
- Article date:
- December 11, 2007
- Author:
CopyrightCOPYRIGHT 2007 SourceMedia, Inc. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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The New Jersey Turnpike Authority plans to invest nearly $8 billion over the next 10 years for capital projects throughout the state, with road expansions and bridge upgrades at the top of the authority's strategic planning.
The authority yesterday approved the 2008-2017 capital funding initiative, yet the document is for planning purposes only, because what the authority sees as necessary investment may not match future fiscal realities. The capital plan indicates that listed projects are "fiscally unconstrained," making this a virtual wish list of desired projects.
While the plan did not indicate where exactly the funds will come from to help support ...