Media Kit » Try RailPrime™ Today! »
Progressive Railroading
Newsletter Sign Up
Stay updated on news, articles and information for the rail industry



This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.




railPrime
View Current Digital Issue »


RAIL EMPLOYMENT & NOTICES



Rail News Home Rail Industry Trends

1/7/2008



Rail News: Rail Industry Trends

New York/New Jersey port authority to hike ticket prices


advertisement


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