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Scheduled service on track for end of 2007

November 10, 2004

NEWARK, NJ –– NJ TRANSIT Board of Directors today authorized the Corporation to enter into multi-agency agreements to oversee the Meadowlands Rail Spur project, which will bring rail access to one of the nation’s top sports and entertainment complexes.

NJ TRANSIT will establish formal relationships with the New Jersey Sports and Exposition Authority (NJSEA) and the New Jersey Department of Transportation (NJDOT) to handle funding, design, construction and management of the rail spur project.

With the advent of Xanadu, there will be a major new job center and leisure travel destination in northern New Jersey that needs public transportation,” said DOT Commissioner and NJ TRANSIT Board Chairman Jack Lettiere. “Xanadu is projected to create 20,000 new permanent jobs and to generate more than a billion dollars in personal income annually.”

“Rail service to the Meadowlands will transform the region,” said George Zoffinger, President and Chief Executive Officer of the New Jersey Sports and Exposition Authority. “It will help alleviate traffic to and from the site as well as be a benefit to all commuters”

“I would like to thank the Port Authority of New York and New Jersey, as well as the New Jersey Sports and Exposition Authority, for partnering with us to deliver improved transportation service to one of the nation’s top sports and entertainment complexes,” said NJ TRANSIT Executive Director George D. Warrington. “In addition to providing the transportation infrastructure required for future development, the Meadowlands Rail Spur will fit with Access to the Region’s Core and other regional transportation projects as we look beyond out-dated plans and revisit decade-old assumptions about the economic, environmental, and transportation needs of Bergen and adjacent counties.”

Under the agreement, NJ TRANSIT will create a project management team that will include NJSEA and NJDOT staff. The NJSEA will assume responsibility for procuring professional and construction services; NJ TRANSIT and NJ DOT will approve design/ construction documents and work with regulatory agencies to obtain permits.

In addition, NJ TRANSIT will provide technical expertise and manage project funding provided by the Port Authority of New York and New Jersey (PANYNJ). In September, NJ TRANSIT secured a $5 million grant from PANYNJ, which has pledged funding for the entire $150 million project. During its October meeting, the PANYNJ Board of Commissioners authorized the transfer of an additional $9 million to NJ TRANSIT.

NJ TRANSIT will own, operate and maintain the rail infrastructure improvements and provide support for operation of the new rail station that will be built at the Meadowlands Sports Complex. NJSEA will provide maintenance and security for the station.

The $150 million Meadowlands Rail Spur project will also include new railroad tracks connected to NJ TRANSIT’s Pascack Valley Line (PVL), supporting infrastructure and roadway improvements to integrate access to the station with the adjacent roadway network.

Rail service to the Meadowlands is scheduled to begin by the end of 2007.