Railwaygazette.com

Join us on Facebook Join us on Facebook!
Follow us on Twitter Follow us on Twitter!

Poll

Industry Poll

Are local jobs more important than value for money in rolling stock procurement?
Yes
No
Don't know

News

NJ Transit approves FY2011 spending

19 July 2010

USA: An order for 100 additional double-deck commuter cars, valued at up to $293·5m, and 10 dual-mode locomotives costing $78·8m, was approved on July 15 by New Jersey Transit, exercising options on existing orders with Bombardier. The decision came after the board passed a $1·8bn operating budget and $1·35bn capital programme for fiscal year 2011.  

According to a statement released by NJT, the FY2011 capital budget targets the ‘most critical infrastructure and state-of-good repair needs and supports an ongoing fleet modernisation programme’. The new push-pull cars will replace life-expired equipment while increasing seating capacity. The electro-diesel locos will be identical to the base order of 26 authorised in July 2008, which is now in the design phase; the first is scheduled for delivery next year.  

The FY2011 operating budget is just 0·5% above last year’s, the lowest growth rate in NJT’s history and reflects a levelling-off in financial assistance from the state of New Jersey. The agency at one time faced a $300m budget deficit, due in part to lower fares revenue, but the gap was closed through internal efficiencies, fare increases and service reductions.

The capital programme includes $296m for expansion projects including the trans-Hudson tunnel, the Portal Bridge project and the Hudson-Bergen Light Rail extension to 8th Street in Bayonne. Among the planned expenditures are $37·3m for track and sleeper replacement and for bridge inspections and replacement; $11m for electric traction and signalling improvements; and $84·9m for maintenance of the light rail and bus networks.


Weekly E-Newsletter

Register here to receive the free Railway Gazette Weekly e-newsletter and keep up to date with the latest industry news.

Events

All events

Join us on Facebook

Google

Translate this page in your language:

select your language