NEWS:NY/NJ to Receive Federal Funds

Tuesday, January 28, 2003
The Federal Transit Administration (FTA) will provide approximately $54.8 million for ferry-related projects in the New York City-Northern New Jersey metropolitan area to support the expansion of interstate ferry services due to the loss of Port Authority Trans-Hudson (PATH) train service between New Jersey and Lower Manhattan on September 11, 2001.

This funding for ferry-related projects supplements $100 million that was previously approved by FTA and distributed to the region for emergency transit capital improvements, and is a part of President Bush's $20 billion commitment to rebuild and revitalize Lower Manhattan.

"Today we are providing $54.8 million dollars in funding to support the much needed expansion of interstate ferry services," said Mineta. "As a result of September 11, transit service was severely impacted, disrupting the daily commute of thousands of people who lived, worked and visited one of the largest employment and financial centers in the world. The economic impact was enormous," stated FTA Administrator Jennifer L. Dorn. "This funding will expand and improve ferry service and go a long way towards restoring the quality of life for all residents and commuters."

The FTA will administer approximately $32.8

million in funding for the following projects:

• $19 million to New Jersey Transit toward the restoration of the historic Hoboken, New Jersey Intermodal Ferry Terminal. An interim pier currently serves over 24,000 daily ferry passengers;

• $2.4 million to New Jersey Department of Transportation for reconstructing the Sussex St. Pier, at Exchange Place in Jersey City, New Jersey. A nearby interim pier currently serves approximately 10,000 daily ferry passengers;

• $11.4 million to the New York City Department of Transportation and Economic Development Corporation toward the funding of a new West Midtown Intermodal Ferry Terminal at West 38th Street in Manhattan. The existing facility, which currently serves approximately 17,000 daily ferry passengers, will be replaced.

The Federal Highway Administration will administer approximately $22 million to assist in the financing of the following projects:

• $19 million for replacing the Port Imperial Intermodal Ferry Terminal in Weehawken (NJ), currently serving over 11,000 daily ferry passengers;

• $3 million for the South Amboy (NJ) Intermodal Ferry Terminal. A permanent terminal will replace a temporary facility erected shortly after 9/11 that currently serves approximately 600 daily ferry passengers.

Maritime Reporter March 2014 Digital Edition
FREE Maritime Reporter Subscription
Latest Maritime News    rss feeds

Legal

InterManager Secretary Welcomes New MLC Amendment

InterManager, the international trade association for the ship management industry, says it has welcomed the adoption of new measures to protect seafarers against abandonment.

China's Japanese Ship Detention Linked to Shrine Spat

Japanese Prime Minister Shinzo Abe has sent a ritual offering to the Yasukuni Shrine, seen by critics as a symbol of Japan's past militarism, media reported on Monday,

Eugen Maersk 2013 Fire: Summary Findings

The Danish Maritime Accident Investigation Board (DMAIB) has issued a summary report in the English language concerning a fire outbreak aboard the container ship in the Gulf of Aden.

Bulk Carrier Trends

Commodity Giant Steps out of the Shadows

A detailed new case study scrutinizing the risk-management Swiss-based Trafigura is the latest effort to "demystify" the once-secretive commodity trading industry,

Cargill to Buy 100,000mt of Certified Ivorian Cocoa

U.S. agribusiness trader Cargill aims to purchase 100,000 metric tons of certified Ivorian cocoa this season, up slightly from 95,000 metric tons last season, West

Ice Hurts March’s Lakes Ore Shipments

Massive, thick ice formations on the Great Lakes limited iron ore shipments in March to 1.1 million tons, a decrease of 43 percent compared to a year ago, the Lake

 
 
Naval Architecture Offshore Oil Pod Propulsion Port Authority Salvage Ship Electronics Ship Repair Ship Simulators Shipbuilding / Vessel Construction Winch
rss | archive | history | articles | privacy | contributors | top maritime news | about us | copyright | maritime magazines
maritime security news | shipbuilding news | maritime industry | shipping news | maritime reporting | workboats news | ship design | maritime business

Time taken: 0.0651 sec (15 req/sec)