New Jersey Gov. Phil Murphy joined transit and other elected officials at a press conference on Wednesday announcing the North Brunswick Train Station MOU.

NORTH BRUNSWICK, NJ—A host of state and local officials were on hand on Wednesday to announce a Memorandum of Understanding had been reached to lay the groundwork to move forward with the much-anticipated North Brunswick Train Station project.

Known as "Main Street North Brunswick," and situated on the Northeast Corridor Line, the station will serve as the center of a mixed-use, transit-friendly community in North Brunswick, state officials say.

The MOU between NJ TRANSIT and the Middlesex County Improvement Authority will provide for the design and construction of a train station at the North Brunswick Transit Village along the Northeast Corridor. The MCIA will serve as the project manager and oversee all stages of development.

Originally conceived in 2006 on the site of the former Johnson & Johnson facility along Route 1, the $50-million project will be funded through the New Jersey Transportation Trust Fund. Middlesex County has contributed $20 million to the project. Currently, a Costco, Target, The Greene Turtle Sports Bar & Grille and a Courtyard by Marriott have been developed thus far at the site, according to the Bridgewater Courier News.

"A more connected New Jersey—with thriving, transit-rich communities – is a cornerstone of the stronger and fairer New Jersey that we are working to build," said New Jersey Gov. Phil Murphy. "I am proud of the partnership between NJ TRANSIT and Middlesex County to identify a pathway that gets us to constructing Main Street North Brunswick's long-planned commuter train station. I look forward to the review and approval of this proposal by the NJ TRANSIT Board, and to seeing this project completed."

The next stage of the project will be to progress from concept design to final engineering design, which is likely to include a permitting process, which the county anticipates will be completed within the next two years.