NJ/NY Transit set to get $3.7 billion
$3.7 billion in federal funding is heading to the Metropolitan Transportation Authority of New York, the New York City Department of Transportation, New Jersey Transit and the Port Authority of New York and New Jersey.
The money is not earmarked for marketing but you know once these improvements happen, they will need to get the word out. Of the four agencies getting the cash, I’d go after NJ Transit first.
NEW JERSEY & NEW YORK: New York and New Jersey transit agencies that suffered the most damage from Hurricane Sandy will receive $3.7 billion in disaster relief funds, U.S. Transportation Secretary Ray LaHood announced on Thursday.
One-third of the funds will be set toward improving the systems’ resiliency against future disasters.
“We continue to work closely with the transit agencies hit hardest by Hurricane Sandy to ensure they can recover from this terrible disaster and emerge stronger than before,” said Secretary LaHood. “The millions of riders in New York and New Jersey deserve a robust public transportation network that can deliver the service they depend on every day.”
“We pulled out all the stops when crafting the Sandy aid bill to make sure our mass transit systems, the arteries of the region, are fully repaired and built stronger than they were before, and this transfusion of billions of dollars will allow us do just that,”said U.S. Senator Charles Schumer who announced the funding. “The funds for repairing and restoring the system will mean that the burden of recovering from Sandy is not put on the local commuter and taxpayer, and the resiliency funds will make sure that the MTA will not have to jack up fares through the roof to fund the vital protections that will shield the system from the next storm.”
A breakdown of the funds, which will be allocated to the Metropolitan Transportation Authority of New York, the New York City Department of Transportation, New Jersey Transit and the Port Authority of New York and New Jersey, will be published in a notice in the Federal Register next week.