NEW YORK - The New Jersey Transportation Trust Fund Authority Monday approved up to $1.8 billion, in par value, of borrowing for fiscal 2011 to support road, bridge, and public transportation projects.

Officials are working on a fiscal 2011 capital budget that would include $1.43 billion of bonding. The administration has yet to file a final version of that capital plan to the Legislature. In prior years, the TTFA has sold $1.6 billion of debt for transportation infrastructure. Fiscal 2011 begins July 1.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.