NJ TRANSPORTATION BANK ANNOUNCED RECIPIENTS OF FUND ALLOCATIONS TOTALING $26.1 MILLION FOR THE FOURTH QUARTER OF SFY 2023!

NJ Transportation Bank announced recipients of fund allocations totaling $26.1 million for the fourth quarter of SFY 2023!

Orange City, a third time borrower, has been allocated $8,484,000 for a road redesign on Main Street. 

1. Robbinsville Township, a second time borrower, has been allocated $2,971,512 for roadway resurfacing on Country Meadows, Brookshire Estate, and Meadowbrook Road.
2. Little Ferry Borough has been allocated $1,457,834 for road improvements.
3. Willingboro Township has been allocated $3,586,334 for a roadway project.
4. Hoboken City has been allocated $6,272,201 for a historic Court Street rehabilitation.
5. Raritan Township, a fourth time borrower, has been allocated $3,333,000 for a road resurfacing project.

Atlantic County's allocation was increased from $11,615,000 to $12,170,500 (additional $550,000 + 1% fee).

These allocations are based on each project's ranking on the Transportation Bank Project Priority List as supplied by NJ DOT as well as the project's readiness to proceed and are subject to the confirmation of project schedules.