The project is primarily funded through federal agencies and will improve a key link between New Jersey and New York City.
The $16 billion Gateway Tunnel project under the Hudson River celebrated the last key piece of funding in the form of a $6.88 billion federal check, reports Colleen Wilson for NorthJersey.com, putting the project ‘past the point of no return.’ Roughly 70 percent of the project is funded through federal dollars.
“Federal, state and local transportation officials came together on a blistering, humid Monday morning to celebrate the occasion of awarding the largest federal grant in U.S. Department of Transportation history for what many have dubbed the most urgent infrastructure project in the country.” The new, two-track rail tunnel will complement repairs to the existing rail tunnel that links Newark, New Jersey to New York City, which suffered damages in Hurricane Sandy that frequently disrupt rail service.
Wilson notes that “While construction has already begun and additional bids are expected to be awarded later this year, the new tunnel is are not expected to be completed until 2035, and the renovation of the older tunnel won't be finished until 2038.”
FULL STORY: Gateway rail tunnel reaches 'point of no return' with $6.9 billion check
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