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Yesterday, the Metropolitan Transportation Authority (MTA) opened a new South Ferry Subway Station in lower Manhattan, the first new MTA New York City Transit subway station to open since 1989, according to the authority.

The facility will serve as an intermodal center, providing connections to ferry, subway and bus services.

The $527 million project called for making several improvements to the existing structure, which was built in 1905. The new facility features multiple exits, seven escalators and two elevators. In addition, platforms were expanded to accommodate 10-car trains.

The project was funded through $420 million in federal dollars to assist the economic recovery and residential development of lower Manhattan after the Sept. 11, 2001, terrorist attacks, as well as $107 million in local funds.