Transit officials in New Jersey have outlined how the final installment of federal funding for post-Superstorm Sandy transit projects will be spent.

The Department of Transportation announced this week New Jersey Transit and the Port Authority of New York and New Jersey will receive a total of $403 million for their rail systems damaged by the 2012 storm.

At a news conference Friday at Hoboken's rail terminal, Port Authority officials said they will use their $300 million to address saltwater damage to the PATH rail system tunnels in New Jersey and New York.

NJ Transit will receive $103 million for projects including repairs and improvements to the Hoboken terminal, a new flood-resilient rail yard in North Brunswick and a new drawbridge over the Raritan River.