New Jersey Transit announces its rail investments

NJ Transit, the transport operator in New Jersey, New York and Philadelphia, approved a USD 3.58 billion budget to continue the investment in the state’s transit infrastructure and to improve its light rail system.
Within the Fiscal Year 2018, USD 2.2 billion represents the operating budget and USD 1.36 billion is the capital programme. Almost half of the revenue in the FY 2018 operating budget comes from passenger revenue (USD 1.014 billion), supported by a comparable amount from state and federal programme reimbursements (USD 947.7 million) with the balance from a combination of commercial revenues (USD 115.2 million) and state operating assistance (USD 140.9 million).
The FY 2018 capital programme continues to prioritize investment in infrastructure to maintain an overall state of good repair, enhance safety and reliability, and improve the overall customer experience on the system. With the FY 2018 capital program, NJ Transit continues its financial commitment to Positive Train Control.
The programme continues to invest in rail bridge rehabilitation, track replacement, signal upgrades, repairs to overhead power lines and electric substations as well as investments on the Northeast Corridor (NEC).
Approximately 53 percent of the programme funds the basic capital program improvements needed to maintain and improve the transit system, including USD 201 million in rail infrastructure needs and USD 109 million in rail rolling stock improvements.
Under the budget, USD 47 million will be used for the improvement of four stations and other USD 6 milion will be allotted to other station and terminal improvements, inspections and repairs.
The programme also supports continued investment in the light rail system with USD 168 million being invested in bus and light rail infrastructure improvements, of which USD 99 million for vehicles replacement, USD 11 million for the Capital Asset Replacement Programs for both the Newark Light Rail and Hudson-Bergen Light Rail systems and USD 17 million for bus passenger facilities and bus support facilities/equipment.
In addition, this budget allows for USD 86 million to be invested in system-wide improvements including USD 9 million in technology improvements and USD 6 million for safety improvements, USD 33 million in system expansion improvements, including USD 29 million for Northern Branch Expansion and USD 4 million for the Hudson-Bergen Light Rail Route 440 Improvement.
Approximately 50 percent of the capital budget comes from the Transportation Trust Fund (TTF), with 47 percent from the Federal Transit Administration (FTA) and Federal Highway Administration (FHWA), and 3 percent from other sources.

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