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Re: NJT 351 to be cut back to Secaucus Junction

Posted by JAzumah on Wed Aug 20 04:41:04 2008, in response to Re: NJT 351 to be cut back to Secaucus Junction, posted by AMoreira81 on Wed Aug 20 00:06:01 2008.

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NJT uses federal funds, but does the sale/leaseback stuff to free up cash (i.e. the 20% portion would not have to be paid all at once). It applies to any transit agency using any federal capital funds for anything, including the MTA. Both of them use federal money for other bus facilities, such as garages and park & rides.

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