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Best Credit Cards The state may pay the consortium created to build the River Line about $25 million in additional costs, state Transportation Commissioner Jack Lettiere said yesterday.

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Chase Credit Cards The consortium, the Southern New Jersey Rail Group, filed a lawsuit in August 2002 seeking more than $100 million in extra costs.

The state may pay the consortium created to build the River Line about $25 million in additional costs, state Transportation Commissioner Jack Lettiere said yesterday. The consortium, the Southern New Jersey Rail Group, filed a lawsuit in August 2002 seeking more than $100 million in extra costs. Yesterday, Lettiere told the Senate Budget Committee the contractor is requesting $150 million in additional costs, but said he didn't expect the state will pay that much.

Credit Card Consolidation Yesterday, Lettiere told the Senate Budget Committee the contractor is requesting $150 million in additional costs, but said he didn't expect the state will pay that much.

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Credit Card Generator "The claim that will finally be paid will be much, much less than that," Lettiere said.

Student Credit Cards He estimated the state will have to pay $20 million to $25 million extra to the consortium, which received a $603.2 million contract from the state.

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Capital One Credit Card "There's a misconception out there that there's been this huge, hundreds of millions out there in overruns," Lettiere said.

Bp Credit Card A call to Bechtel Infrastructure, a consortium member that has spoken on the rail group's behalf, wasn't returned yesterday afternoon.

Credit Card Deals The River Line will cost about $1.1 billion, once financing costs are considered, but NJ Transit Executive Director George Warrington noted that includes not just construction, but costs for buying the right to use tracks, construction and design oversight, borrowing and property acquisition, among other expenses.

Bad Credit Credit Cards The River Line, a 34-mile light-rail system from Trenton to Camden, began operating March 14.

Credit Card Via Pay Pal At an April 6 Assembly Budget Committee hearing, Lettiere talked about River Line ridership and said "on a day-to-day basis daily there, it started 2,600, 2,700, now we're into the 3,000s. On weekends it's up into the 5,600 to 5,900 riders."

Sunoco Credit Card Such figures would have met NJ Transit's latest ridership projections, but yesterday NJ Transit spokeswoman Janet Hines said the River Line has averaged about 1,500 weekday riders, who have made 3,000 daily trips. That would put ridership at half what was expected.

Credit Cards For Bad Credit Hines said she didn't have weekend ridership numbers readily available and hadn't returned a call by late yesterday afternoon with that information.

Prepaid Credit Cards State transportation spokesman Mark Lavorgna said Lettiere simply "misspoke" during his April 6 testimony, meaning to refer to trips, not riders, but was still encouraged because River Line ridership "is growing at a faster rate than anticipated."

Bank Of America Credit Card The River Line will cost the state $48 million per year in debt, with its revenue expected to cover only about 2 percent of operating and maintenance costs and debt service.

Low Interest Credit Cards Yesterday, Warrington told senators that NJ Transit's Northeast Corridor line recovers 106 percent of its revenue, meaning it turns a profit, but he recalled the River Line was conceived more as an economic development engine than a mass transit project. The project was devised by former Gov. Christie Whitman's administration, which contended it would bring economic development to Delaware River communities.

Credit Card Rates Warrington told senators NJ Transit planned to work with communities along the River Line to promote development. His goal, he said, was to push River Line revenue to between 30 and 50 percent of costs.

Secured Credit Cards Sen. Shirley Turner, D-Lawrence, said the state's investment in the River Line "is well worth the subsidy," but questioned the line's ticketing system. She said she's heard from people unable to buy tickets from broken ticket machines and others who never had tickets collected.

Credit Card Via Paypal River Line passengers must purchase tickets at machines at station platforms, then validate them at another machine. NJ Transit fare inspectors aren't aboard every train, but Warrington said they're making random checks.

Visa Credit Card "It's the honor system, but if you get caught without a ticket you will get a substantial summons," Warrington said.

Accept Credit Cards He said the agency is working to improve ticket machines that have had "occasional malfunctions."

Credit Card Fraud By Tom Hester Jr.
Trenton Times - 4/15/2004

Topic: Trains

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