The bridge is jointly owned and maintained by NJTA
is eager to quickly and effectively address all needed Turnpike and Parkway repairs," said Michael V.
The rating reflects continued stable traffic and revenue performance of both the New Jersey Turnpike (the turnpike) and Garden State Parkway (the parkway), NJTA
's continued prudent operating cost management and ability to deliver significant capital improvements on time and budget.
NJTA benefits from unlimited legal authority to change toll rates as needed.
NJTA's $7 billion 2009-2018 capital investment plan (CIP) is on schedule and on budget, with additional works included as a result of construction cost savings achieved in the original plan.
The Scope of Work will include the provision of the NJ E-ZPass CSC facilities and services that provide customer support, manages the accounts and processes violations for the NJTA
, SJTA, DRPA, DRBA, DRJTBC and BCBC.
NJTA's $7 billion 2009 - 2018 capital investment plan (CIP) is on schedule and on budget, with additional works included as a result of construction cost savings achieved in the original plan.
NJTA's closest peer with a similar toll and transaction profile is Pennsylvania Turnpike Commission (PTC, senior and subordinate liens rated 'A+'/'A-').
Contract Awarded to Provide construction management and inspection services in support of NJTA
's Facilities Improvement Program
Hill International got a four-year contract from New Jersey Turnpike Authority to give construction inspection and management services in support of NJTA
's Facilities Improvement Program.
New York: Fitch Ratings has assigned an 'A' rating to the New Jersey Turnpike Authority's (NJTA
or the authority) approximately $557 million series 2017E and 2017F turnpike revenue refunding bonds.
In making the announcement, Jacobs Group Vice President Randy Pierce stated, We are proud to continue our relationship with NJTA
and are committed to helping them achieve their capital investment goals.