Press Release: Frank Pallone Announces $9.6 Million Federal Award for Carteret Ferry Expansion | Stock News
Congressman Pallone announced $9.6 million in federal funding for Carteret ferry expansion and a new vessel.
Pallone announces federal ferry funding: Congressman Frank Pallone said the Federal Transit Administration is awarding $9.6 million to NJ TRANSIT for the Carteret Ferry Service Expansion Project. The money is intended to help buy a new ferry vessel for the planned service between Central New Jersey and New York City.
Project background: The release says the new award builds on earlier federal support for the ferry project, including funding for the Carteret Ferry Terminal, a RAISE grant for the multimodal terminal, and a previous passenger ferry grant for a vessel.
Local response: Carteret Mayor Dan Reiman said the funding will help create a “modern, reliable and environmentally responsible” ferry service that could expand commuting options and reduce roadway congestion.
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