New Jersey Transit is getting $71 million from the federal government to pay for rebuilding and replacing equipment damaged by Superstorm Sandy.
The agency and New Jersey’s Congressional delegation announced the award Aug. 21.
The money comes from the Federal Transit Administration and is part of a $3.7 billion second round of funding for Sandy relief.
NJ Transit has received about $1.7 billion so far.
The latest round of funding will go toward repairing and replacing the Hoboken Terminal power supply as well as replacing an electrical substation in Hoboken and moving it to more resilient location.
The money also will be used to pay for replacing substations in Bay Head and at an operations center in Kearny.
Topics Mergers & Acquisitions New Jersey
Was this article valuable?
Here are more articles you may enjoy.
Florida Needs More – Much More – Wind Mitigation, Say Experts at OIR Summit 
Viewpoint: Why Brokers Have Little to Fear and Everything to Gain From AI 
State Farm Agrees to $15M Settlement for Underpaid Vehicle Claims 
How Niche Insurance Shielded Bad Bunny From Bad Weather 
