Federal Funding Secured for Long Delayed Gateway Tunnel Project

Recent news reports announced that $6.8 billion in federal funding was secured by the Gateway Development Commission for the long-delayed, and much needed, Hudson Tunnel project, bringing to a closure the agreement for the total $12 billion commitment in federal funding that has been in the works for years. The securing of the final tranche in federal grant dollars alleviates concerns of another construction derailment of the project with a possible change in the Oval Office as the November presidential election approaches. Since initial 2021 projections, the price tag for the new tunnel under the Hudson River has climbed 14.1% higher to an estimated $16.1 billion. Major construction is expected to begin in July of the new underwater rail tunnel along with the replacement of the existing century-old tunnel that was damaged during Hurricane Sandy, with completion slated for 2035. Currently serving more than 2,200 daily Amtrak trains along the Northeast corridor stretching from Boston to Washington, making the crucial revitalized rail infrastructure under the Hudson River “key to the financial health of the region and the U.S. at large.”

Source:    https://www.crainsnewyork.com/transportation/gateway-tunnel-project-6-8b-federal-funds