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State Adds $43M for Infrastructure Upgrades

NEW YORK CITY-The grants, which comes from the Renew and Rebuild New York Transportation Bond Act of 2005, will support aviation, rail and port improvements.

By Natalie Dolce | Updated on September 18, 2007

(Read more on the debt and equity markets.)

NEW YORK CITY-Gov. Eliot Spitzer approved more than $43 million in funding for aviation, rail and port capital projects across New York State. This funding from the Renew and Rebuild New York Transportation Bond Act of 2005 will support infrastructure, security and economic development projects across the state.

“Moving people and goods faster and cheaper is critical to future economic growth,” says Spitzer in a prepared statement. “These investments in our critical infrastructure will help build the foundation for future and sustained job creation.”

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