The New Jersey Transportation Trust Fund Authority faces rising debt service costs as it moves forward with a $1.6 billion fiscal 2010 capital plan that legislators will now consider.

The NJTTFA plans to borrow $1.3 billion to $1.6 billion of current-interest bonds and capital appreciation bonds in fiscal 2010, which begins July 1, to support infrastructure improvements for the state Department of Transportation and the New Jersey Transit Authority. Those bonds will have maturities of up to 31 years, according to the capital plan.

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