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11/16/2007



Rail News: Rail Industry Trends

New York/New Jersey port authority to hike fares, increase Hudson River rail tunnel commitment



The Port Authority of New York and New Jersey (PANYNJ) has proposed a toll and fare adjustment for its tunnels, bridges and Port Authority Trans-Hudson (PATH) passenger-rail service to fund a nearly $30 billion long-term capital investment program under which the agency will rehabilitate facilities, and reduce overcrowding and congestion.

PATH fares would increase from $1.20 to $1.50 for passengers using the 20- or 40-ride fare card; cash fares would increase from $1.50 to $2.

The authority’s adjusted 2007-2016 capital plan totals $29.5 billion and calls for contributing an additional $1 billion toward New Jersey Transit’s Trans-Hudson Express Tunnel project, under which the agency would build two single-track passenger-rail tunnels beneath the Hudson River to a new station below 34th Street in Manhattan. The revised capital plan also includes an additional $680 million for PATH to run longer trains on the World Trade Center line.

PANYNJ will hold a series of public hearings on the proposed toll and fare increases.


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