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NJ Transit proposes taking out $300 million loan

2015-04-25 21:12:25| Railroads - Topix.net

New Jersey Transit is considering taking out a $300 million line of credit with a Canadian bank to cover expenses as the state awaits federal funds. NJ Transit unveiled the proposal on Friday, four days after the agency proposed a roughly 9 percent fare hike to help close a $60 million budget gap.

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