PATH fare increase takes effect Wednesday; fares up 25 cents

NEW YORK -- Riders of PATH trains will see a fare increase starting Wednesday, with the one-way fare going up 25 cents.

A single ride between New York and New Jersey will now be $2.75.

That means a two trip ticket will cost $5.50.

The increase was approved by the Port Authority in 2011.

The Port Authority of says passengers can save by purchasing multi-ride tickets. A 7-day unlimited ticket will cost $29 and riders will pay $89 for a 30-day unlimited ticket.

The agency announced in 2011 that single PATH fares would increase at a rate of a quarter per year to help fund a 10-year capital plan. The projects include extending PATH to Newark Liberty airport, replacing the Harrison PATH station and renovating the Grove Street station.

Wednesday's hike is the fourth of five consecutive increases scheduled through 2015.

(The Associated Press contributed to this report.)