NJTV News
NJ Transit board approves $500M EDA bond to buy equipment
Clip: 12/11/2019 | 3m 9sVideo has Closed Captions
NJ Transit board members approved spending $500 million to buy new trains and buses.
At December's NJ Transit board meeting, members approved spending $500 million to help the cash-strapped agency buy more buses and trains. The money will be raised by bonds through New Jersey’s Economic Development Authority and paid back over 28 years at no more than 6% interest.
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NJTV News is a local public television program presented by NJ PBS
NJTV News
NJ Transit board approves $500M EDA bond to buy equipment
Clip: 12/11/2019 | 3m 9sVideo has Closed Captions
At December's NJ Transit board meeting, members approved spending $500 million to help the cash-strapped agency buy more buses and trains. The money will be raised by bonds through New Jersey’s Economic Development Authority and paid back over 28 years at no more than 6% interest.
Problems playing video? | Closed Captioning Feedback
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