Financing for road-widening projects and upgrades to its two toll roads will keep the New Jersey Turnpike Authority issuing debt in 2010 after selling $1.75 billion of new-money bonds in 2009.

Officials anticipate issuing another $1 billion next year to help finance toll road expansions, bridge upgrades, roadway resurfacing, and other capital needs. The exact amount of 2010 new-money issuance depends upon how quickly the NJTA draws down on its proceeds from the $1.75 billion of new-money bonds from 2009, said Dennis Enright, a principal at NW Financial, the authority's financial adviser.

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