‘All systems go’ for Hudson Tunnel Project as funding finalised

Jul 10, 2024 · USA: Project promoter the Gateway Development Commission has secured all of the $16bn of financing needed for the Hudson Tunnel Project to build a second pair of railway …

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‘All Systems Go’ For Hudson Tunnel Project As Funding Finalised

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Jul 10, 2024 · USA: Project promoter the Gateway Development Commission has secured all of the $16bn of financing needed for the Hudson Tunnel Project to build a second pair of railway …

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$16B Gateway Tunnel Project Under Hudson River Gets Final …

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Jun 12, 2024 · An agreement for the federal government to pay for most of the $16 billion project means the long-delayed plan is “all systems go,” Senator Chuck Schumer of New York said. ...

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‘All Systems Go’ For US’ Largest Federally-funded Mass-transit Project

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Jun 13, 2024 · The US Gateway Program project – a US$16 billion rail and tunnel build and rehabilitation in New York, New Jersey, and surrounding northeastern states – received …

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Hudson Tunnel Project Secures Final $6.88 Billion Federal Grant

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Jul 10, 2024 · NEW YORK — WSP, a leading engineering, environment and professional services firm, attended the signing on July 9 of the $6.88 billion final federal funding grant for the …

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Hudson Tunnel Project To Receive Full Funding Grant Agreement

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Jun 20, 2024 · The Hudson Tunnel project (HTP), a $16 billion rail megaproject linking New York to New Jersey via an underwater tunnel, is set to be awarded an additional $6.8 billion in …

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Gateway Project Gets Fed Cash For Hudson Rail Tunnels: Schumer

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Jul 7, 2023 · A fresh infusion of $6.9 billion in federal money means it’s “all systems go” for the long-awaited Gateway project to put two new railroad tracks under the Hudson River between …

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NYC Rail Tunnel Project Gets $3.8 Billion In Federal Funds - BNN …

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Sep 30, 2024 · GDC now has $2.7 billion in grant funds immediately ready to deploy for construction on the Hudson Tunnel Project, thanks to $800 million in other grants. The …

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Biden-Harris Administration Announces $11 Billion In Grants And ...

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Jul 8, 2024 · NEW YORK – Today, one of the largest infrastructure projects in American history took a huge step forward with billions of dollars in support from the Biden-Harris Administration …

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Biden-Harris Administration Announces $11 Billion In Grants And ...

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Jul 8, 2024 · The Hudson River Tunnel project will construct a critical new rail tunnel between New York and New Jersey along a vital economic corridor – just one area of focus for …

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FAQs about ‘All systems go’ for Hudson Tunnel Project as funding finalised Coupon?

How much does the Hudson Tunnel project cost?

The federal funding commitment to the Hudson Tunnel Project represents the largest federal investment ever in a mass transit project. Altogether, GDC has $12 billion in federal commitments, with total project costs split 70-30 between federal and local partners. ...

How much money does GDC have to build the Hudson Tunnel?

GDC now has $2.7 billion in grant funds immediately ready to deploy for construction on the Hudson Tunnel Project, thanks to $800 million in other grants. The project’s sponsors, which had been rushing to get a full funding agreement in place ahead of the November presidential election, closed it in July. ...

How much money did the Federal Railroad Administration give to Hudson Tunnel?

The Federal Railroad Administration provided the Gateway Development Commission’s program with $3.8 billion in aid — the last portion of a $12 billion federal contribution granted to the Hudson Tunnel project, according to a statement seen by Bloomberg. About $1.9 billion of the grant will be available immediately. ...

Why has a new tunnel not been built under the Hudson River?

"The project's complexity is one of the reasons a new tunnel has not been built under the Hudson River in more than a century, a spokesperson for the Gateway Development Commission previously told Newsweek. ...

Are Feds paying for the Gateway Tunnel?

"With the addition of a whopping nearly $7 billion funding I fought to secure, the feds are paying for most of the $16 billion project," said Chuck Schumer, Democratic Senator from New York in a post on X (formerly Twitter ). "It's all systems go for the Gateway Tunnel," the Senate majority leader added. ...

How will New York City's New tunnels help the Northeast Corridor?

The funding, among the largest federal investments ever in U.S. transportation, will create thousands of new jobs and deliver significant transit and passenger rail improvements to the busy Northeast Corridor with new, modern tunnels under the Hudson River between New York City and New Jersey. ...