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Spending consisted primarily of $129,000,000 for the State Transportation Projects Funding Agreement and $27,771,000 for funding of Service Area Improvements. Also included is $110,403,000 in net transfers to the Construction Fund, which provides revenue funding for capital projects.
Oct 11, 2023 · The long-awaited Environmental Impact Study of a controversial $10.7 billion project to widen the New Jersey Turnpike extension in Hudson County said it will have little to no impact on local ...
As illustrated in the Capital Spending Program, the Authority projects design, supervision, and construction contract awards to be approximately $1.3 billion as per its target for the capital and construction projects. In addition, the Capital Spending Program projects a spending budget of nearly $1.3 billion in 2023 from a combination of its bond
The 2022 spending budget is $74 million with a rolling five-year spending plan of $102 million. The 2022 spending budget is decreasing almost 50% from the 2021 spending budget of $146 million, representing the winding down of this Capital Improvement Program as many projects are completed or are nearing completion.
Mar 9, 2020 · The details were finally revealed of a toll increase process that started on Feb. 25 when NJ Turnpike Authority commissioners voted to set ... a strategic plan to 2029 for capital projects.
Environmental studies and preliminary engineering began in 2021. Final design is expected to begin in 2023. Construction on Project 1 is expected to begin in 2026 and last an estimated 8 to 10 years. Projects 2, 3, and 4 will begin after Project 1.
Apr 28, 2020 · The NJTA, which operates both the turnpike and parkway, is also seeking to hike turnpike tolls by 36%, and parkway tolls by 27%, to support the capital plan. In addition, the proposal calls for annual toll increases of as much as 3% to be enacted on both highways, starting in 2022.
