GDC authorises $3.8bn Hudson Tunnel Project loan

Aug 28, 2024 · New York’s Gateway Development Commission (GDC) Board has authorised GDC to enter into a final agreement in September with the Federal Railroad Administration …

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GDC Authorises $3.8bn Hudson Tunnel Project Loan

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Aug 28, 2024 · New York’s Gateway Development Commission (GDC) Board has authorised GDC to enter into a final agreement in September with the Federal Railroad Administration …

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GATEWAY DEVELOPMENT COMMISSION ANNOUNCES …

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Sep 9, 2024 · $2.7 Billion in Grants Now Available for Active and Upcoming Construction Work Newark/New York – The Gateway Development Commission (GDC) today announced that the …

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GATEWAY DEVELOPMENT OMMISSION SEURES FULL …

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Jul 8, 2024 · Historic $12 Billion Federal Funding Commitment Includes Largest Ever CIG Grant, Along with Largest Aggregate RRIF Loan Newark/New York – The Gateway Development …

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Gateway Development Commission Executes $3.8B Partnership …

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Oct 1, 2024 · The Gateway Development Commission on Monday announced the final round of federal funding has been deployed for the Hudson Tunnel Project — the $16 billion rail plan …

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ICYMI: Gateway Development Commission Secures Full Funding …

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Jul 8, 2024 · Newark/New York – The Gateway Development Commission (GDC) today signed a Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) for $6.88 …

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GDC Announces Execution Of $3.8bn Grant For HTP

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Sep 30, 2024 · New York’s Gateway Development Commission (GDC) has announced that the Commission has executed the $3.8bn Federal-State Partnership (FSP) Grant agreement with …

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GDC Authorizes $3.8B Hudson Tunnel Project Grant - NJBIZ

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On Aug. 28, the Gateway Development Commission (GDC) board authorized a $3.8 billion grant agreement to fund the Hudson Tunnel Project.

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THE HUDSON TUNNEL PROJECT - Gateway Program

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May 10, 2024 · 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 …

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Hudson Tunnel Project – Gateway Development Commission …

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Oct 3, 2024 · With aim of completing the US$12bn federal contribution for the Hudson Tunnel Project, the Gateway Development Commission (GDC) has executed the US$3.8bn Federal …

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Gateway Development Commission Announces Execution Of $3.8 …

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Sep 30, 2024 · Newark/New York – The Gateway Development Commission (GDC) today announced that the Commission has executed the $3.8 billion Federal-State Partnership …

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Hudson River Tunnel Project Between New York And New Jersey

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The Build America Bureau provided three Railroad Rehabilitation and Improvement Financing (RRIF) loans totaling up to $4.1 billion to the Gateway Development Commission (GDC) for …

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GATEWAY DEVELOPMENT COMMISSION SECURES FULL FUNDING …

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Jul 8, 2024 · Newark/New York – The Gateway Development Commission (GDC) today signed a Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) for $6.88 …

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GDC Secures $16 Billion For Hudson Tunnel Project, Set To Create …

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Jul 26, 2024 · This includes a $6.88 billion Full Funding Grant Agreement with the Federal Transit Administration (FTA) and $4.06 billion in Railroad Rehabilitation and Improvement Financing …

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FAQs about GDC authorises $3.8bn Hudson Tunnel Project loan 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 funding does GDC have?

Altogether, GDC has $12 billion in federal commitments, with total project costs split 70-30 between federal and local partners. In April, GDC submitted the final documents required by the FTA to reach a Full-Funding Grant Agreement (FFGA) for $6.88 billion in Capital Investment Grants (CIG) Program funding. ...

How much money does GDC need to complete the HTP?

With these actions, GDC has secured the entire $16 billion commitment needed to complete the HTP. This includes $12 billion in federal funding – the largest federal funding commitment to a rail transportation project in modern history. “For a long time now, the Gateway project has been my passion. It's a labor of love. ...

When did GDC get its first heavy construction contract?

In February 2024, GDC awarded its first heavy construction contract (HRGS). Contracts for the Palisades Tunnel and Manhattan Tunnel are currently in procurement and are expected to be awarded later this year. The federal funding commitment to the Hudson Tunnel Project represents the largest federal investment ever in a mass transit project. ...

What will GDC do in 2024?

By the end of 2024, GDC will have awarded contracts for more than $5 billion in construction activity, including contracts to build sections of the tunnel passing through the Palisades in New Jersey and going through the Manhattan bulkhead under Hudson River Park, and will have ordered the first Tunnel Boring Machine. ...

How much money did the Biden-Harris administration give to New York?

“Today the Biden-Harris Administration and USDOT are fulfilling their promise to the riders of New York, New Jersey, and the entire Northeast Corridor by providing $11.7 billion in federal funding for the Gateway Project and over $4 billion in federal loans,” said USDOT Deputy Secretary Trottenberg. ...