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After end of ARC, NJ Transit focuses on privatizing parking, expanding rail lines
The halting of the ARC rail tunnel project last year has allowed NJ Transit to focus on areas such as customer service, expanding existing rail lines and finding alternative revenue sources, the head of the agency told business leaders Friday.
Executive Director Jim Weinstein said the agency is currently in a 14-month process of studying how to privatize or outsource the state’s nearly 100 parking facilities. The initiative has drawn interest from several firms and parking operators, along with members of the banking industry, Weinstein said at a New Jersey Chamber of Commerce roundtable breakfast on transportation. (Burd, NJBIZ)
