NJ Transit Gets $52 Million for Stimulus Projects

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    NEWSLETTERS

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    Hop on any NJ TRANSIT bus or train to reach your holiday desination

    New Jersey Transit is getting more than $52 million in federal economic stimulus money for two major projects.

    Officials said the money has already been earmarked for those projects and can't be used to defray a 25 percent fare increase set to begin May 1.

    U.S. Sens. Frank Lautenberg and Robert Menendez announced the funding Monday.

    The largest share -- $36 million -- will go toward construction of a new rail station and parking facility in Pennsauken.

    Another $15 million will be used for pedestrian and traffic circulation improvements at Newark's Penn Station.

    NJ Transit, which is facing an estimated $300 million budget gap for the fiscal year beginning July 1, announced the fare increase last week.