Carteret ferry project receives additional $5M in funding from Department of Community Affairs

The borough of Carteret has received a $5 million grant for its intermodal ferry terminal project from the New Jersey Department of Community Affairs, according to a Monday announcement from Carteret Mayor Daniel J. Reiman.

The American Rescue Plan funds will be used for improvements along the Carteret waterfront, including the construction of the Carteret Intermodal Transportation Building.

“This is truly an exciting time for Carteret,” Reiman said. “We’re very grateful to Gov. Phil Murphy for his help in transforming our waterfront into a future transportation hub and destination.”

Regarding the Carteret ferry project, Murphy had previously said: “The state is proud to make this smart investment in mass transit that will benefit existing and new Carteret residents. Funding our transportation infrastructure has been and will continue to be a priority for our administration.”

The Reiman administration has secured a total of more than $60 million in federal and state grants, including several competitive funds, such as a 2022 Federal Transit Administration grant and a 2023 congressional appropriation.

The Carteret Intermodal Transportation Building will provide access to several forms of alternative transportation. Carteret Ferry Service will transport commuters to and from the World Financial Center Pier and the Midtown Terminal located at 39th Street, while also available will be a borough jitney service, New Jersey Transit bus service and bicycling.

Also featuring restaurants, retail, office space and more, the intermodal building is part of a larger multiyear, $1.5 billion plan to transform Carteret’s waterfront. The overall vision for the site includes miles of open public access waterfront along the Arthur Kill; the construction of two commercial docks along with infrastructure to support it; the construction of a 1.2 million-square-foot film production studio; 150,000 square feet of ancillary retail and hotel space; and completed construction of both a $47 million marina next door to the project site and dredging for commercial port activities.