Management & Operations

Lawmakers propose NJ Transit takeover of N.Y. ferry system

Posted on December 15, 2004

New Jersey state lawmakers proposed legislation that would put New Jersey Transit (NJ Transit) in charge of running the New York Waterway system of ferries and buses.

The proposed bill, which will be taken up by lawmakers in January, would give NJ Transit the authority to run ferry service between New Jersey's shores and other states.

According to The Record, the commuter service, which carries thousands of passengers across the Hudson River each day, is raising fares and cutting bus routes to avoid bankruptcy.

Company officials at NY Waterway, which is in debt more than $53 million, have indicated that they are hoping for a private-sector financial backer.

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