Return Home

WTC station costs to be reimbursed

March 18, 2003 By The Jersey Journak

WASHINGTON, D.C. -- The Federal Emergency Management Agency (FEMA) said yesterday (March 18) it is reimbursing the Port Authority of New York and New Jersey for $92.4 million of the cost of building a temporary rail station linking the World Trade Center site and New Jersey, according to an Associated Press report in the Jersey Journal.

The funds are approximately half the expected cost of the construction of the PATH facility, scheduled to open in December. The other half is expected to come from insurance payments to the Port Authority, which owns the site and had a $1.5 billion policy for it. "It's a stripped-down, bare-bones version to get the facility back in service," said Brad Gair, head of FEMA's Sept. 11 recovery efforts.

As the project for rebuilding the site progresses, transit officials will eventually return to the PATH station to do a number of enhancements, Gair said.

A trade center PATH stop served 65,000 daily commuters until the terrorist attack of Sept. 11, 2001. The federal government has allocated about $4.55 billion for transportation rebuilding and improvements in the lower Manhattan area.

http://www.nj.com/search/index.ssf?/base/news-0/1047985951249570.xml?jjournal?ntop

Return Home