The Princeton private equity firm also led a new $15 million investment round for the buyer.

"During this period our operating volumes have plunged to levels we have not seen before," Port Authority Executive Director Rick Cotton said at the agency’s live-stream meeting in April.

Fees will increase on the Garden State Parkway and New Jersey Turnpike, as well as the Atlantic City Expressway, to finance decade-long capital plans, which clock in at $24 billion and $500 million, respectively.

Part of the Federal Railroad Administration funding will go toward the 110-year-old crossing, and the rest will be used to reconstruct an electrical substation that powers a stretch of the NEC.

As of May, the agency saw more than 90 percent drops in both rail and bus ridership - with daily ticket sales down from just over $1 million to $41,000 as of March.

The newly combined company moves almost 50 million tons of dry bulk commodities – like iron ore, coal and limestone – annually.

“Penn Station New York is the busiest rail station in the NJ TRANSIT system serving nearly 100,000 customers every day," said NJ Transit President and Chief Executive Officer Kevin Corbett. "This project, in partnership with Amtrak, will enhance pedestrian flow within the station, adding access to platforms and improving the overall experience for customers using the station."

Bus operators and popular venues took a hit when the pandemic forced the cancellation of proms and class trips.

The modified schedule will begin in June.

With ridership down more than 90 percent, the federal government in April granted the agency a $1.43 billion rescue package under the CARES Act.

According to the agency, he was last at its offices on April 7.

Airports around New Jersey will receive federal aid as some facilities report that passenger counts are down by as much as 99 percent due to the COVID-19 pandemic. Funds, totaling $160.9 million will be used for airports to pay their workers and maintain safe operations. Newark Liberty International Airport will receive the most in aid ...