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7/1/2005



Rail News: Rail Industry Trends

New York area transit agencies to develop regional smart card system


Later this summer, the Port Authority of New York and New Jersey, New York Metropolitan Transportation Authority and New Jersey Transit plan to sign a memorandum of understanding to develop guidelines for a regional smart card fare-collection system.

The agencies will create smart-card standards, discuss payment methods, explore potential revenue opportunities, develop and evaluate fare-collection pilot programs, and determine a financial plan to implement the system.

"Our goal is to bring together all of our transit agencies to develop a regional smart-card program that would ultimately provide thousands of people with a more convenient way to travel," said Port Authority Chairman Anthony Coscia in a prepared statement.



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