| Name |
Staten Island
Ferries and Terminals |
| Location |
New York, New
York |
| Mode |
Intermodal
(Ferry) |
| Description |
Acquire three
new ferry boats for the route
connecting Staten Island and
Manhattan.
Rebuild Whitehall Ferry Terminal
in Manhattan and St. George
Terminal in Staten Island
with opportunities for
intermodal connections
to taxis and transit.
Commercial development.
|
| Sponsor |
A cooperative
venture between:
New York City Office
of Management and Budget
(OMB),
New York City Economic
Development Corporation
(EDC),
New York City Department
of Transportation (DOT),
and
TSASC, Inc., a
special purpose State entity.
NYC Metropolitan
Transportation Authority
NYC Department of
Parks
|
| Cost |
$463.1 million |
| Type
of Finance |
$152.8 million
USDOT direct TIFIA loan |
| Revenue
Sources |
Loan security
provided by revenues from the
Tobacco Master Settlement Agreement
of 1998 |
| Project
Delivery / Contract Method |
|
| Private
Investor Partner |
|
| Project
Advisors |
|
| Lenders |
TIFIA program |
| Physical
Status |
Expected completion:
2003 |
| Financial Status |
Under negotiation |
| Innovations |
Moneys from tobacco settlement
used to guarantee the low interest
TIFIA loan. |
| Related
Links / Articles |
NYC
DOT Staten Island Ferry page
NYC
DOT Press Release
Early
FTA project description
TIFIA
Program Press Release
New
York Daily News
article
Engineering News Record article
staten_is_ferry_enr.doc
Buffalo News article
staten_is_ferry_buffnews.doc
|
| Contacts |
Eve Michel
New York City Economic
Development Corporation
110 William Street
New York, NY 10038
Tel: (212) 619-5000
Delores Barbieri
New York City
DOT
Tel:(212) 442-8072
|
| Last
Review/Update |
New
York City Economic
Development Corporation,
June 2002 |
