NJ Transit’s $1.526 billion capital program addresses New Jersey’s mass transit needs: The NJDOT program provides $77 million for multimodal investments that support maritime, freight, and rail initiatives as well as bicycle and pedestrian improvements.The NJDOT program provides $297 million in funds to address highway congestion through infrastructure improvements as well as efforts to better manage traffic and respond to incidents. Key programs funded include the Crash Reduction Program, Intersection Improvement Program, Pedestrian Safety Initiatives, Rail-Highway Grade Crossings, and Safe Routes to School Program. The NJDOT program provides $143 million for safety improvements. The NJDOT program provides $577 million dedicated to road assets, including pavement rehabilitation, reconstruction and resurfacing. Bridge investments range from funding for high-cost bridges to implementation of a variety of rehabilitation programs and local bridge rehabilitations. The NJDOT program provides $895 million for state and local bridges. NJDOT’s $2.908 billion Capital Program addresses New Jersey’s transportation needs: $22.6M Casino Revenue Funds $1.9M Match Funds $25.00M NJ Turnpike Funds NJDOT’s share of the federal funding is $1.664 billion, while NJ Transit’s allotment is $716 million.
State, or TTF funds, are programmed at $2.000 billion.įederal revenues for FY 2023 are projected at $2.380 billion.
$2.908 billion and the NJ Transit total is $1.526 billion. The FY 2023 Transportation Capital Program totals $4.434 billion and is funded primarily by the State Transportation Trust Fund (TTF), federal, and third-party resources. This Capital Program reflects the need to prioritize spending by carefully evaluating transportation needs and targeting limited resources toward safety, fix it first and state of good repair initiatives. It represents the annual element of the New Jersey Department of Transportation’s and NJ Transit’s federal Statewide Transportation Improvement Program (STIP).įocusing on the Department’s and Transit's Core Mission-safety, infrastructure preservation, mass transit, mobility and congestion relief, and operations and maintenance-this Capital Program outlines projects and programs that rebuild the State’s bridges and roads, provide mass transit services, and reduce congestion by deploying Intelligent Transportation Systems (ITS) technology. The Transportation Capital Program for FY 2023 describes the planned capital investments for the State fiscal year starting July 1, 2022.
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