THE PORT AUTHORITY OF NY & NJ

Press Release Article


MEDIA ADVISORY - PATH FARE INCREASE TO TAKE EFFECT ON OCTOBER 1

Date: Sep 09, 2014
Press Release Number: 180-2014

Port Authority implements planned increase to continue historic investments in the bistate rail system

Effective October 1, the Port Authority of New York and New Jersey will increase the single-ride PATH fare by 25 cents under a phased-in schedule of increases approved in 2011.

Beginning at 3 a.m., a single PATH ride will rise to $2.75 and a two-trip ticket will be $5.50. PATH customers can obtain significant savings from the single-trip cost by purchasing multi-ride tickets, including a 10-trip ticket for $21; a 20-trip ticket for $42; and a 40-trip ticket for $84; or a 7-day unlimited ticket for $29 and a 30-day unlimited ticket for $89.

Under the Port Authority's 10-year Capital Plan, $3.3 billion is anticipated to be invested in PATH infrastructure with funds partially derived from PATH fares, including three major projects – the replacement of the Harrison PATH Station, the modernization of the Grove Street PATH Station and the PATH extension to Newark Liberty International Airport.

The $249 million Harrison Station project involves construction of a new station to replace the existing facility, which was built in 1936. The $192 million Grove Street project provides improvements to accommodate 10-car train operations and new elevators that comply with ADA requirements. The $1.5 billion PATH extension to Newark Liberty International Airport will provide a direct connection from Lower Manhattan to AirTrain Newark, which provides passengers with direct access to airport terminals.

In addition to the major projects, there are 71 core PATH projects in the program, of which 57 – or 77 percent – are state of good repair work.

CONTACT:
Port Authority of New York and New Jersey
212-435-7777

Founded in 1921, the Port Authority of New York and New Jersey builds, operates, and maintains many of the most important transportation and trade infrastructure assets in the country. The agency's network of aviation, ground, rail, and seaport facilities is among the busiest in the country, supports more than 550,000 regional jobs, and generates more than $23 billion in annual wages and $80 billion in annual economic activity. The Port Authority also owns and manages the 16-acre World Trade Center site, where construction crews are building the iconic One World Trade Center, which is now the tallest skyscraper in the Western Hemisphere. The Port Authority receives no tax revenue from either the State of New York or New Jersey or from the City of New York. The agency raises the necessary funds for the improvement, construction or acquisition of its facilities primarily on its own credit. For more information, please visit http://www.panynj.gov.