The Delaware River Joint Toll Bridge Commission is working on a new $310 million bridge to replace the current Interstate 95/Scudder Falls Bridge that connects New Jersey and Pennsylvania and is more than 50 years old.

Officials anticipate issuing nearly $390 million of debt to help finance the new bridge and pay for other projects, but federal funds received for the bridge could decrease that amount to about $250 million, said Frank McCartney, the commission’s executive director.

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