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By Tom Hester | January 17th, 2013 - 12:23pm
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Wisniewski, Singleton, Stender, Caride & Wimberly Bill Creating Transportation Infrastructure Bank Advanced by Assembly Panel

Bill Would Boost Economy While Leveraging State, Federal & Private Investments for Long-Term Overhaul of NJ’s Transportation Network & Clean Energy Systems

(TRENTON) – An Assembly panel on Thursday advanced legislation sponsored by Assembly Democrats John Wisniewski, Troy Singleton, Linda Stender, Marlene Caride and Benjie Wimberly that would establish a State Transportation Infrastructure Bank to leverage public and private investments for the long-term overhaul of New Jersey’s transportation network.

“We can’t ignore the underlying value that our infrastructure system holds for our economy,” said Wisniewski (D-Middlesex). “For too long, we have neglected this foundation of our economy while our competitors in the global marketplace have invested in state-of-the-art water, energy and transportation systems. New Jersey’s recovery from the devastation of Hurricane Sandy will be inherently linked to whether or not we create a more reliable and sustainable infrastructure system with better roads, bridges, tunnels and rail systems..."

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