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WASHINGTON— On the heels of Vice President Joe Biden’s announcement of $8.4 billion in new federal funding for America’s public transportation infrastructure, U.S. Rep. Bill Pascrell, Jr. (D-NJ-08) today welcomed $524, 231,441 in federal funding slated for New Jersey’s transit systems in the American Recovery and Reinvestment Act.
“This substantial level of funding in New Jersey’s public transportation infrastructure is a long-overdue and worthy economic stimulus,” stated Pascrell. “Transit investment is a recession buster. It will create jobs on railways, in stations and on factory floors all around the state. Most important to New Jersey’s economic recovery, this funding will put people to work improving the busiest rail corridor in America by advancing the ARC tunnel project.”
New Jersey will be awarded $443 million in federal funding for public transportation in urbanized areas under the Growing States and High Density States Formula Program. Urbanized areas are defined by the Commerce Department as an incorporated area with a population of 50,000 or more. Rural areas are defined as those with fewer than 50,000 people and will receive $4.8 million in funding to support public transportation projects.
New Jersey will also be awarded $4.8 million in the Transit Capital Investment program to modernize existing rail systems, create and replace bus facilities and to establish new fixed guideway systems.
It is estimated that approximately $100 million in funding will be used in conjunction with the Port Authority Transit Corporation (PATCO) and the Southeastern Pennsylvania Transportation Authority (SEPTA).
New Jersey was awarded the third highest funding total of all fifty states behind only New York and California.
A list of funding allocations for each state can be viewed on the following link:
http://www.recovery.gov/?q=node/202
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