New Jersey Transit said yesterday that it would spend $30 million to build a new ferry terminal in Weehawken to help handle the growing commuter traffic across the Hudson River.
Published: April, 2001
New Jersey Transit said yesterday that it would spend $30 million to build a new ferry terminal in Weehawken to help handle the growing commuter traffic across the Hudson River.
The agency will grant a 32-year lease of the new terminal to NY Waterway, a pirvately owned commuter ferry operate that carries about 16,000 people back and forth each day to Manhattan from docks in Weehawken Jersey City and Hoboken.
The new terminal project "is crucial to addressing New Jersey’s current and future growth in commuter trips across the Hudson River," said the state transportation commissioner, James Weinstein.
NY Waterways will pay the state a lease fee depending on the number of ferry passengers on the Weehawken line. Ridership is now about 5,500 people, which would mean up to $600,000 per year for the state, said Arthus Imperatore, the president of NY Waterway.
