Gov. Phil Murphy & Mayor Dan Ryman at Carteret Multimodal Ferry Terminal Groundbreaking

Vision for Carteret's Waterfront

• 🚀 The Carteret Multimodal Ferry Terminal groundbreaking marks a significant milestone, realizing a vision over three decades in the making.
• 💡 The project aims to reintroduce ferry service to Carteret for the first time since the 1950s, serving as a gateway for commuters and visitors.
• 🔑 This terminal is more than just a transportation hub; it symbolizes progress, partnership, and a commitment to modern transportation options.

Infrastructure and Economic Development

• 🏗️ The $48 million terminal facility is part of a larger waterfront development transforming Carteret from an industrial town into a regional destination.
• 💰 The project is expected to create new opportunities for job creation and economic development within the community.
• 📈 The terminal will integrate with existing and future developments, including a marina, commercial spaces, retail, entertainment, and office leases.

Collaborative Funding and Partnerships

• 🤝 The project's realization is attributed to strong collaboration between federal, state, regional, and local agencies, including the NJ DOT, NJ I Bank, and DCA.
• 💰 Significant funding has been secured through various grants and financing, totaling over $86 million for the overall ferry project.
• 🌟 Key funding sources include the NJ USFTA, NJ Department of Transportation, DCA's SFRF program, US Federal Highway and DOT, NJTPA, NJUE program, Carter Business Partnership, and the Carter Port Authority.

Leadership and Vision

• 🗣️ Mayor Dan Ryman is lauded for his unyielding and relentless commitment over 24 years to this project and the revitalization of Carteret.
• 🌟 Governor Phil Murphy's administration has been a crucial partner, investing significantly in the state's infrastructure and local communities like Carteret.
• 👏 Speaker Craig Coughlin is recognized for his leadership and advocacy for infrastructure projects, contributing to the state's progress and Carteret's development.

Project Milestones and Future Outlook

• ✅ Dredging, bulkheading, inwater terminal work, and upland improvements are complete, with the terminal building groundbreaking marking the next phase.
• 🚢 Two ferry boats are involved, one currently in-house and the other under construction.
• 🗓️ The project is anticipated to be completed and open within the next 18 months.
• 🌐 Future developments on the waterfront include a boardwalk and a film studio production facility.