This federal Project Grant award from the U.S. Department of Transportation's Federal Transit Administration (CFDA 20.507 - Federal Transit Formula Grants) provides $6,000,000 in funding to the New Jersey Transit Corporation (NJ Transit) to support the purchase of a 149-passenger ferry boat. The total project cost is $7,250,000, with a local match of $1,250,000. The ferry boat will provide reliable and efficient transportation services between New Jersey and Manhattan, addressing issues of traffic congestion and improving access for disadvantaged populations. The project is expected to enhance economic activity and competitiveness in the Carteret, New Jersey area, while also addressing environmental degradation from prior industrial use. The grant award, made on September 19, 2024, will fund the design, manufacture, testing, and delivery of the ferry boat, with a targeted completion date of December 30, 2029.
Mod # | Description | Reason For Modification | Federal Obligation (Click to sort descending) | Date (Click to sort ascending) |
|---|---|---|---|---|
| Not listed | $6.0m | 9/19/24 |