Daily News Briefs, September 20, 2021

This is a Subscribers-Only area. If you are a subscriber, please login. If not...

Become a Subscriber Today »

Rail Tunnel Financing Plan Calls For $1.6 Billion New Jersey Turnpike Contribution

NJSpotlight News reports, “The latest finance plan for a new rail tunnel under the Hudson River makes it clear that the New Jersey Turnpike Authority — and not the state’s mass-transit agency — will cover the state’s contribution to the long-sought project.” The August 2021 revised finance plan for the  Hudson Tunnel Project — a component of the broader Gateway Program for metro New York City rail system rehabilitation — states that NJTA will be responsible for New Jersey’s $1.6 billion share of the project’s overall cost, now estimated to be $12.3 billion. The article adds, “In explaining the role to be played by the New Jersey Turnpike Authority, the new finance plan pointed to the ‘integrated nature of New Jersey’s and the region’s transportation system’ and the ‘realization that any improvements that facilitate the use of mass transit reduce the capital expense burden on the Turnpike and Parkway to increase road capacity.’ The 133-page document also referred to the turnpike authority’s latest schedule for toll increases and included the potential for additional toll hikes beyond those that went into effect last year.”

A Gateway Program Partners news release (with an attached letter to the Federal Transit Administration) has more information about the financing plan and program staff contact information.

Gateway Program (Northeast Corridor Rail Tunnel Project) Infrastructure Investment Trends New Jersey New Jersey Turnpike Authority (NJTA) Toll Rate Changes US Gov't Transportation Funding

Top


Public Vetting Of Manhattan Congestion Pricing Plan Begins

Smart Cities Dive and Silive.com look at the status of MTA’s Manhattan congestion pricing program and the intense debate that is expected to result when public comment and information sessions begin this Thursday.

Congestion Pricing Metropolitan Transportation Authority (MTA) New Jersey New York New York City Public Outreach And Communication

Top


These are just some of the toll industry developments TRN is following.

If you’re not already a Daily News Briefs subscriber and you want a complete picture of today’s news, click here or call 717-991-2823 for subscription information. If you’re a newcomer to TollRoadsNews.com, click here.

Top