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Rail News: Rail Industry Trends

New York/New Jersey port authority to hike ticket prices

Last week, the Port Authority of New York and New Jersey (PANYNJ) approved the agency's first toll and fare increase in seven years.

On March 2, Port Authority Trans-Hudson (PATH) cash fares will increase from $1.50 to $1.75, 25 cents less than the authority originally proposed. Prices for 10-, 20- or 40-ride fare cards will increase from $1.20 to $1.30 per ride, less than half of the original proposal.

Revenue generated from the fare hikes will help fund PANYNJ's $29.5 billion 10-year capital plan, which includes $3 billion for a new Hudson River passenger-rail tunnel and $3.3 billion to modernize the PATH system.

Contact Progressive Railroading editorial staff.

More News from 1/7/2008