In June 2013, it commissioned an 18-month study that would consider options for reconfiguration, expansion, and replacement of the terminal. The PANYNJ has been unsuccessful in its attempts to expand passenger facilities through public private partnership, and in 2011 it delayed construction of a bus depot annex, citing budgetary constraints. It does not allow for layover parking hence, buses are required to use local streets or lots, or return through the tunnel empty. Since then, the terminal has reached peak hour capacity, leading to congestion and overflow on local streets. A second wing, extending to 42nd Street, was added in 1979. The PABT, which opened in 1950 between Eighth and Ninth Avenues and 40th and 41st Streets, was built to consolidate the many different private terminals spread across Midtown Manhattan. In 2011, there were more than 2.263 million bus departures from the terminal. It has 223 departure gates and 1,250 car parking spaces, as well as commercial and retail space. The PABT serves as a terminus and departure point for commuter routes as well as for long-distance intercity bus service and is a major transit hub for residents of New Jersey. It is one of three bus terminals operated by the Port Authority of New York and New Jersey (PANYNJ), the others being the George Washington Bridge Bus Station in Upper Manhattan and the Journal Square Transportation Center in Jersey City.
The terminal is located in Midtown at 625 Eighth Avenue between 40th Street and 42nd Street, one block east of the Lincoln Tunnel and one block west of Times Square. The terminal is the largest in the Western Hemisphere and the busiest in the world by volume of traffic, serving about 8,000 buses and 225,000 people on an average weekday and more than 65 million people a year. The Port Authority Bus Terminal (colloquially known as the Port Authority and by its acronym PABT) is a bus terminal serving interstate buses traveling into Manhattan, New York City. at Times Square–42nd Street/Port Authority Bus Terminal Port Authority of New York and New Jersey
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