Governor Phil Murphy • Lt. Governor Tahesha Way

Department of Transportation

New Jersey Transit Corporation

Capital Lease Financing Program | Federal Transit Grant Reimbursements | Five-Year Capital Plan

Capital Lease Financing Program

The information below summarizes the debt service payments relating to NJ TRANSIT's capital lease financing program.

Fiscal Year (FY) 2017 Refinancing Locomotives and Buses 2004A River Line Refinance 2008 Penn Plaza 2003A Total
2017 $0.00 $1.4M $50.6M $1.1M $53.1M
2018 $36.2 $0.00 $50.0M $0.00 $86.2M
2019 $44.0M $0.00 $41.4 $0.00 $85.4M

Federal Transit Grant Reimbursements

Summarized below are the annual federal reimbursements to NJ TRANSIT during FY 2016, FY 2017, and FY 2018 in support of the Annual Transportation Capital Program.

  FY 2017 Federal
Reimbursements		 FY 2018 Federal
Reimbursements		 FY 2019 Federal
Reimbursements*
5307 Urbanized Formula (including Growing and Dense)
Subtotal 5307 $328,010,985 $388,034,636 $301,897,000
5309 Rail Modernization/5337 State of Good Repair (as of FY 2013)
Subtotal 5309 (5337)
Rail Mod		 $115,608,015 $196,755,625 $191,077,000
5339 Bus and Bus Facilities (The Safe, Accountable, Flexible, Efficient Transportation Equity Act: A Legacy for Users: SAFETEA-LU Section 5309)
Subtotal 5337 Bus
and Bus Facilities		 $9,510,000 $4,888,115 $13,541,000
5310 Elderly and Disabled Formula
Subtotal 5310 Elderly and Disabled Formula $7,009,000 $6,729,338 $7,200,000
5311 Rural Formula
Subtotal 5311 Rural Formula $1,451,000 $3,072,270 $4,200,000
5324 Emergency Relief Program
Subtotal Emergency Relief Program $22,378,000 $31,156,594 $0
Homeland Security
Subtotal Homeland Security $9,813,000 $9,826,515 $9,813,000
Total All Programs* $493,780,000 $640,463,093 $527,728,000
* - Preliminary FY 2017 reimbursements

Five-Year Capital Plan

The five-year capital plan for mass transit projects, which is required in the Transportation Trust Fund (TTF) statute (NJSA 27: 1B-22), may be accessed through the link below.



Last updated date: November 22, 2019 1:57 PM