Number of the Day: $3.6 billion

May 29, 2012 | Number of The Day

New Jersey is going to invest $3.6 billion

in its transportation infrastructure next year, according the Christie administration. Half will be funded through state borrowing and Port Authority of New York and New Jersey dollars and the other half from federal dollars.

The administration proposes the Department of Transportation spend $2.056 billion: $685 million for bridge repairs; $311 million to repave roads; $105 million for safety programs; $343 million for highway construction to relieve congestions; and $42 million for multimodal investments that support maritime, freight, rail, bicycle and pedestrian initiatives.

NJ Transit will get $1.155 billion capital program, most of which will go to preventive maintenance and replacement of about 1400 transit–style buses in NJ Transit’s fleet, as well ongoing track replacement, bridge and tunnel inspections and security and signal system upgrades.