New York and New Jersey Agree To Fund Gateway Hudson Tunnel

New York and New Jersey have agreed to fund costs not covered by the federal government for the Gateway Hudson Tunnel, marking what New Jersey Governor Phil Murphy “a pivotal milestone toward the completion of the most significant transportation project not just in New Jersey, but in the entire United States,” according to an article by Elijah Westbrook for CBS New York.

“Govs. Kathy Hochul and Phil Murphy signed a $14 billion funding agreement on Wednesday for the first phase of the project to build two new rail tunnels under the Hudson River.” The project will increase capacity and speed up service on Amtrak and NJ Transit, which currently use a pair of century-old tunnels.

“According to the Port Authority of New York and New Jersey, the first phase will cost $2.7 billion. The federal government has agreed to pay 60 percent of it, which leaves New York and New Jersey to split the difference -- $772.4 million, or $386.2 million per state.”