The improved credit rating outlook is expected to boost investor confidence in the MTA and could lead to reduced interest rates paid by the MTA on future capital program bonds issued using the Transportation Revenue Credit.
The plan will enhance access to new affordable housing developments throughout the region and better serve existing communities where transit ridership is already overcrowded.
He began advising EO in March of 2023. Prior to that, he served as the CCO of Proterra Inc., where he led the Powered, Transit, and Energy divisions’ growth efforts.
The second phase of this project, which aims to finalize the concept plan and bring the project up to 30% design, was approved during the NJ TRANSIT Board of Directors meeting held on Sept. 14.
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