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.