It will provide ferry service between lower Manhattan and parts of New Jersey and Westchester and Rockland counties.
The new terminal has five ferry slips, a 22,000-square-foot waiting area and separate gangways for arriving and departing passengers.
It replaces a nearby existing ferry terminal that opened in 1990.
The Port Authority owns the new terminal. It will be operated and maintained by Billybey Ferry Company which contracts ferries operated by NY Waterway.
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