The Port Authority of New York and New Jersey has received a significant boost in its plan to replace New York’s Midtown Bus Terminal with a world-class facility.
The US Department of Transportation has approved a 1.9 billion USD loan through the Transportation Infrastructure Finance and Innovation Act (TIFIA) programme to support the first phase of the 10 billion USD project.
Construction on this significant proect is set to begin this year.
The Midtown Bus Terminal, the busiest in the world, has long been in need of modernisation. The facility opened in 1950 and has struggled to keep pace with growing commuter demands.
The new project aims to deliver a state-of-the-art transit hub that meets 21st-century needs, reduces bus congestion, and enhances the community with public open spaces and improved amenities.
The facility will feature:
- A new terminal for bus storage and staging, equipped with charging capacity for electric buses
- Community-focused retail spaces and public green areas
- Enhanced ramps to and from the Lincoln Tunnel, reducing bus idling and congestion
- Net-zero emissions design with advanced sustainability and resiliency measures
Governor Kathy Hochul said:Today's announcement brings us yet another step closer to rebuilding this key gateway into New York City. Replacing and expanding the Bus Terminal will mean the long held dream of creating modern infrastructure that prioritises public space, bolsters local business and ensures the safety and wellbeing of travellers will finally become a reality.
The phased construction approach will see a temporary terminal and supporting infrastructure built first, allowing for continued operations during the replacement of the existing terminal.
The TIFIA loan approval follows unanimous backing from the Federal Transit Administration and New York City. Leaders across state and federal levels have hailed the project as transformative for regional transportation and economic development.
