MENENDEZ, BOOKER OUTLINE FEDERAL $$$ COMING TO NJ AS POTUS READIES TO SIGN INFRASTRUCTURE BILL INTO LAW

Press Release

U.S. Senators Bob Menendez and Cory Booker (both D-N.J.) today outlined how the historic, $1.2 trillion bipartisan Infrastructure Investment and Jobs Act will provide record investments in New Jersey's aging infrastructure. The bill, which will send billions of dollars to New Jersey in federal funding, will help the state repair roads and bridges, expand mass transit, build the Gateway Project, replace water and sewer pipes and increase broadband internet access. President Joe Biden will sign the bill into law later this afternoon.

"When President Biden signs this legislation into law, we will begin unleashing transformative new investments in everything from roads and railways to drinking water to electrical vehicle infrastructure and more," said Sen. Menendez. "These investments are big wins for New Jersey. NJ TRANSIT is the largest statewide transit system in America and we're also home to the critical infrastructure that supports the busiest rail corridor in America -- the Northeast Corridor. For agencies like NJ TRANSIT, this legislation will provide access to billions of dollars over the coming years to complete major upgrades, like what's being proposed here in Bloomfield."

"As President Biden signs the Infrastructure Investment and Jobs Act into law today, New Jerseyans can expect to see billions of dollars for our state's infrastructure - from repairing roads and bridges, to replacing lead pipes and cleaning Superfund Sites, and advancing the Gateway Project," said Sen. Booker. "In addition to funding critical infrastructure projects, these investments will also enhance our nation's competitiveness and position our economy for continued growth by putting more Americans to work. I am proud to join Senator Menendez to highlight just one of many projects throughout New Jersey that stand to benefit from this historic legislation."

The legislation will provide an estimated $12.31 billion in guaranteed transportation and transit funding formula dollars for New Jersey over the next five years--the largest ever investment in the state's transportation infrastructure. The state will also receive a minimum $100 million to expand broadband internet access. State formula funding for water and sewer infrastructure has yet to be calculated, and New Jersey can still compete for additional federal funding through other discretionary sources.

At a press conference today in Bloomfield, Sens. Menendez and Booker were joined by New Jersey Department of Transportation Commissioner and NJ TRANSIT Chair Diane Gutierrez-Scaccetti and NJ TRANSIT President and CEO Kevin Corbett. The lawmakers highlighted NJ TRANSIT's modernization and improvement project at Bloomfield Rail Station, which is part of the agency's $17 billion, five-year capital plan.

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