August 3, 2009
NYC Mayor explains how Recovery Act ferry funds will be used
New York City Mayor Michael R. Bloomberg said yesterday that $46.7 million in Transit Capital Assistance Grant funds from the Recovery Act will help support four upgrade and maintenance projects on ferry boats and piers. The stimulus funding will fill significant budget gaps that existed for the ferry projects. The total value of the ferry projects benefiting from stimulus funding, including pre-existing City and federal funding, is more than $139 million and the projects are expected to create or retain 1,600 jobs according to the U.S. Department of Transportation job creation formula.
Two ferry projects will receive direct stimulus funding, filling funding gaps for those two projects, which already had some City and federal funding in place. The existing funding in place for one of those projects will be used to support two additional ferry projects that also did not have adequate funding to move forward fully at this time.
PROJECTS RECEIVING DIRECT STIMULUS FUNDING
Maintenance and Repair of Six Staten Island Ferryboats
Six ferryboats will be dry-docked over the next three years to allow for required inspection and repairs. The funds will allow for critical maintenance of ferry system assets to maintain a state of good repair.
Total Project Cost: $37.7 million
Direct Stimulus Funding: $37.7 million
Pre-Stimulus Funding: $16.5 City Capital funding
Funding Displaced to Other Projects: $16.5 million
Project Start: April 2009
Project Completion: April 2012
In-House Maintenance Services for Staten Island Ferry
Staten Island Ferry in-house maintenance services will be funded over the next three years. Maintenance staff will work to keep the ferry system in a state-of-good repair.
Total Project Cost: $82.5 million
Direct Stimulus Funding: $9 million
Pre-Stimulus Funding: $73.5 million Ð $53 million City Capital funding and $20.5 million Federal funding
Project Start: July 2009
Project Completion: July 2012
PROJECTS RECEIVING DISPLACED FUNDING
Accessibility Improvements for Public Ferry Landings
Ferry landings at East 90th Street, East 34th Street, Pier 11 (Wall Street), Brooklyn Army Terminal Pier 4, St. George Slip 7, Battery Maritime Building Slip 5, Yankee Stadium, and Pier 79 (West 39th Street) will have increased access for people with disabilities. Work will include: installation of passenger loading equipment, replacement or reconstruction of railings, replacement or modification of ramps, reconfiguring and reballasting of barges, modification or replacement of transition plates, modification of passenger connections between vessels and the piers, installation of new signage, modification of surfaces and installation of visual and auditory systems to better facilitate the use of ferry transportation by people with disabilities.
Total Project Cost: $16 million
Displaced Funding Received: $14 million
Other Funding: $2 million City Capital funding
Project Start: September 2009
Project Completion: June 2010
Rehabilitation of Pier 11 (Wall Street)
Vital pier and bulkhead rehabilitation work will be conducted at Pier 11, including concrete pile and pile rehabilitation, fender rehabilitation, rehabilitation of the pier electrical system, protection of pier sewer and water lines and installation of canopies to protect passengers from rain. Pier 11 is located on South Street between Wall Street and Pine Street and has five ferry slips. New York Waterway, New York Water Taxi and SeaStreak all provide service to and from this pier.
Total Project Cost: $3 million
Displaced Funding Received: $2.5 million
Other Funding: $500,000 City Capital funding
Project Start: July 2010
Project Completion: March 2011