NYC Aid Package Includes Ferry Funds
Congress gave final approval of legislation to aid New York City in coping with the damages and economic dislocations caused by the terrorist strikes. The price tag for the total package exceeds $11 billion. Included is $100 million for "critical expansion of interstate ferry services necessitated by the attacks of September 11." The money is derived from the Federal Highway Trust Fund, which is supported by federal excise taxes on gasoline and other fuels. More than 67,000 commuters per day used to ride the PATH transit system below the Hudson River from New Jersey to the World Trade Center; the PATH network is now out of commission. Congress intends that expanded ferry services will help "take up the slack" for the years until restoration of the PATH system is complete
NY/NJ Ferry Facilities to Receive Federal Funding
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. “Under President Bush’s leadership, this administration has made its commitment to the New York metropolitan area abundantly clear.
NEWS:NY/NJ to Receive Federal Funds
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.
