It’s been five years since the state Legislature approved legislation to allow a marine waste transfer station on Gansevoort Peninsula in the Hudson River Park.

However — as the clock winds down on the final weeks of the Bloomberg administration — a crucial memorandum of understanding required to allow the hotly debated Gansevoort project to proceed still has not been signed.

Under the outgoing mayor’s Solid Waste Management Plan, or SWAMP, the peninsula was slated to become Manhattan’s sole marine waste transfer point for all recyclables from residential buildings — paper, glass, plastic and metal.

Under the scheme, up to 60 garbage trucks per day would haul recyclables to Gansevoort

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