While Corzine he has not provided details of his plan for “asset monetization” or the roadways, he has said it would not involve a sale or lease to a for-profit company or a foreign operator.
Corzine would seem to have an uphill battle to convince New Jersey voters of the benefits of the plan. Support for leasing the New Jersey Turnpike and Garden State Parkway is slim, with only 31 percent approving of the idea in a poll last month by Quinnipiac University while 54 percent disapprove.
Corzine, a Democrat, hired the investment bank UBS last September to study a transaction involving state assets such as the turnpike.
Leonard Lance, a Republican who is State Senate Minority Leader, charged Corzine with stalling to release of the plan until after elections in the fall.
In remarks to the editorial board of the Asbury Park Press this week, Lance said “the only way they could bond is to increase tolls drastically.”
Brokerage Compliance Symposium
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
F3 Awards Dinner
The night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
F3: Future of Freight Festival
Industry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The day before F3. Every compliance issue you face - fraud exposure, carrier liability, FMCSA rules, cargo theft, insurance gaps - navigated by attorneys and operators defining best practices in a changing industry.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowThe night before F3. FreightTech100 companies honored. FreightTech 25 and Shipper of Choice winners revealed live. Cocktail reception into dinner and live music - 300 industry leaders in one purpose-built room.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register NowIndustry-defining keynotes, rapid-fire technology demos, and industry leaders networking in experiences across Chattanooga - plus the inaugural F3 Awards Dinner featuring the FreightTech and Shipper of Choice reveals.
The Signal at Chattanooga Choo Choo • Chattanooga, TN Register Now