“As mandated by the 2016 law, this dedicated funding stream continues to provide billions of dollars across the state to support crucial transportation infrastructure needs," said state Treasurer Elizabeth Maher Muoio.
A decision by the Federal Transit Administration to delay the planning and environmental review process could add an additional two years to the project's timeline.
The Port Authority estimates that 6.5 million people will fly, ride or drive through its four airports and six bridges and tunnels for summer's last hurrah.
The initiative from Asbury Park-based Solar Landscape, Edison Job Corps and the ride-hailing service is tackling an employment hurdle: 67% of job-seekers age 18 to 24 said transportation was a major barrier to finding a position.
The action follows French shipping company CMA CGM's December move to purchase the New Jersey and New York assets of Global Container Terminals.
As of mid-August, the $2.7 billion investment has served more than 9 million passengers and is set to hit the 10 million-mark next month.
The Gateway Development Commission CEO reflects on progress made during his first year at the organization's helm and the road ahead.
To earn the Outstanding Transportation System award from the American Public Transportation Association "is akin to winning the Super Bowl for a transit agency," said President and CEO Kevin Corbett.
The agency is working to meet the needs of a rapidly changing world that is emerging from the throes of the pandemic.
The move, which follows the dissolution of the Waterfront Commission, marks the next chapter for Port Newark/Elizabeth, a critical commerce hub.
The additions afford United Airlines and JetBlue access to their full allocation within the $2.7 billion area.
Against all odds, the project has taken critical steps forward over the last few weeks and months toward finally coming to fruition.