Former CEO of Amtrak Tapped to Take the Helm at NJ Transit in August
Agency faces serious financial problems but is also working on third rail tunnel beneath Hudson River
- Credit: NJ Transit
The former CEO of Amtrak is taking the wheel at New Jersey Transit.
William Crosbie, 51, was named the transit agency’s next executive director, beginning in August in his new post.
Crosbie is stepping into his new role at a difficult time for the agency. It has a $57 million budget gap and the state's Transportation Trust Fund, which helps fund NJ Transit's capital costs, will soon run out of money if lawmakers don’t reach an agreement on funding.
On the other hand, Amtrak has been working closely with NJ Transit and the Port Authority of New York and New Jersey on the Gateway project to build a new rail tunnel under the Hudson River.
Read theby WNYC, a content partner of NJ Spotlight.