New Jersey Transit has received a $766.5 million grant agreement from the Federal Transit Administration (FTA) for the $1.888 billion two-track, fixed-span Portal North Bridge Project in Hudson County.
Portal North Bridge
New Jersey Transit has approved entering into a Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) for the new, $1.8 billion fixed-span Portal North Bridge on the Northeast Corridor, crossing the Hackensack River in the New Jersey Meadowlands. Portal North, part of the massive Gateway Program, will replace 110-year-old Portal Bridge, a mechanical-trouble-plagued swing bridge built by the Pennsylvania Railroad in 1910 as part of its New York Improvements project.
New Jersey Transit’s Board of Directors on June 13 approved a financing agreement with the New Jersey Economic Development Authority (NJEDA) that provides up to $600 million toward the construction of the first phase of a new Portal Bridge, a key component of the ambitious Gateway Project to improve passenger rail service between New York City and New Jersey. The funding commitment “solidifies New Jersey’s local share of the project cost,” NJT said.