In this era of cashless tolling there's no longer a logistical reason to do the one-way tolling at the Holland and Lincoln tunnels. Change it to $8 each way plus $5 "new rail tunnel" fee for non-buses and we'll fund Gateway in no time.
electricron wrote: $10 Billion / 1.131 = $8.84Even a $3 surcharge in each direction will collapse NJT's ridership. Most of the ridership is from the closer stations such as Montclair or closer, Maplewood or closer, Fairlawn/Clifton or closer, Rahway or closer. Adding $3 per ticker on a ticket that costs $7 or so is a big jump and will meaningfully cut the number of passengers. The one place with large ridership where the surcharge might not have much of a negative effect is Princeton/Hamilton as the fares are already quite high, the driving is long and the population is generally better off and able to afford the added cost.
$15 Billion / 1.131 = $13.26
$20 Billion / 1.131 = $17.68
$25 Billion / 1.131 = $22.10
That’s before taking into account for an increase in ridership year after year,.
But I believe it is okay to assume ridership through the tunnels would not double. I doubt Pennsylvania Station could handle a doubling of ridership without expansion, another cost to calculate a surcharge for.
I do not think NJT could charge a $13 surcharge each way ($26 a day) in addition to regular fares.