Construct an intermodal transportation center

The Borough of Carteret received a $31.02 million Formula Grant from the Federal Transit Administration (FTA) under the National Infrastructure Investments program (CFDA 20.933) awarded on September 9, 2025. The grant funds the construction of a three-story, mixed-use Carteret Ferry Terminal on approximately 8.67 acres of waterfront property. The completed facility will include a passenger terminal, Port Authority office space, an elevated pedestrian boardwalk, fixed pier floating docks, a wave screen, and handicap-accessible ramp infrastructure to serve as an intermodal transportation center.

The project is designed to enhance regional connectivity and economic development for Central New Jersey residents by providing affordable transportation options and revitalizing the borough's waterfront. The anticipated completion date is June 1, 2028. As a formula grant administered by the FTA, this award represents a significant federal investment in local surface transportation infrastructure that aligns with the National Infrastructure Investments program's emphasis on multimodal corridor improvements and community connectivity.

Purpose

The purpose of this grant is to construct an intermodal transportation center.

Activities

This project will fund the construction of an intermodal transportation building with three full stories on approximately 8.67 acres at its waterfront. The project site will include a mixed-use intermodal transportation center consisting of a passenger terminal and port authority office space. The project site will also connect to a 20-foot-wide elevated pedestrian boardwalk fixed pier floating docks wave screen and handicap access ramp

Expected outcomes

The carteret ferry terminal project is central to revitalizing the boroughs waterfront providing affordable transportation and creating economic opportunities.

Intended beneficiaries

Central new jersey residents.