Ferry Boat Formula Program
The FAST Act continues the Ferry Boat Program (FBP), which funds the construction of ferry boats and ferry terminal facilities. However, the FAST Act modifies that formula, giving greater weight to the number of passengers carried by ferry systems. The formula is now: 35 percent based on the number of ferry passengers, including passengers in vehicles, carried by each ferry system; 35 percent based on the number of vehicles carried by each ferry system; and 30 percent based on the total route nautical miles serviced by each ferry system. The FAST Act also newly guarantees that a State with an eligible entity under the program will receive a minimum of $100,000 in FBP funding each fiscal year.