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The project is a multi-phased initiative that will consist of mixed-use development and public infrastructure improvements to the Hoboken Bus Terminal, Ferry Terminal Building, and the area surrounding the rail station.
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Metro-North was able to achieve the record on-time performance while still maintaining its aggressive infrastructure program, with crews working to complete a major switch replacement project on Grand Central Terminal’s upper level.
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The pledge affirms the MTA will ensure participation on at least $1 billion of work by Minority- and Women-owned or Disadvantaged Business Enterprise firms every year and award larger contracts to small businesses.
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The new 544,000-square-foot base will include maintenance facilities and charging infrastructure for the next-generation battery-electric buses scheduled to begin service in 2026.
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FTA's bus funding represents the third bus grant package since President Biden signed BIL, which has invested more than $3.3 billion in American transit buses and the infrastructure that supports them.
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President Biden’s Bipartisan Infrastructure Law, invests $5.6 billion to support the purchase of cleaner American-made transit buses, train the transit workforce, and upgrade fueling and maintenance infrastructure.
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The grant for the new RapidRide J Line was funded by President Biden’s Bipartisan Infrastructure Law.
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In a letter, APTA President/CEO said “At a minimum, we urge the THUD Appropriations Act, together with advance appropriations of the Infrastructure Investment and Jobs Act, to provide $21.1 billion for public transit and $16.7 billion for passenger rail, as passed by the Senate..."
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As part of BIL, the Administration made several investments, including upgrading rail service on the Northeast Corridor, reducing Amtrak and commuter rail delays for over 200 million trips annually.
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In December, the FRA announced $8.1 billion in funding for passenger rail projects. The funding is a part of the Bipartisan Infrastructure Act that Congress passed several years ago, but the funding now is flowing aggressively.
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