FTA Commits $766.5MM to Portal North Bridge Written by Marybeth Luczak, Executive Editor The FTA will provide just over $766 million for the Portal North Bridge Project, with the Federal Highway Administration providing roughly $57 million. NJ Transit and Amtrak will provide the balance of funding, about $977 million, and share operating and maintenance. New Jersey Transit has received a $766.5 million grant agreement from the Federal Transit Administration (FTA) for the $1.888 billion two-track, fixed-span Portal North Bridge Project in Hudson County. The committed FTA funds will go toward replacing the 110-year-old Portal Bridge across the Hackensack River in the New Jersey Meadowlands. The Federal Highway Administration is providing some $57 million for the project. NJ Transit and Amtrak will provide the balance of funding, about $977 million, and share operating and maintenance.