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

Sep 30, 2024 · (Bloomberg) -- A long-delayed $16 billion rail tunnel project bridging New York City and New Jersey just scored its final piece of federal funding. The Federal Railroad Administration provided the Gateway Development Commission’s program with $3.8 billion in aid — the last …

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

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Gateway Development Commission Executes $3.8 Billion Federal …

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Oct 1, 2024 · The FSP Grant agreement completes the $12 billion federal contribution for the Hudson Tunnel Project and immediately obligates the initial $1.9 billion from the grant.

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Gateway Tunnel Project Scores Final Federal Funding

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Oct 2, 2024 · A long-delayed $16 billion rail tunnel project bridging New York City and New Jersey just scored its final piece of federal funding. The Federal Railroad Administration provided the …

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Gateway Tunnels Under Hudson River Get Key Funding. Here's …

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Jul 9, 2024 · Gateway Tunnel Project approved; Extended interview 04:56. NEW YORK -- Critical funding for the $16 billion Gateway tunnel project was made official Monday.. The plan to build …

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Hudson River Gateway Rail Gets An Additional $3.8B In Funding For ...

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Nov 4, 2023 · Gov. Hochul and other state officials announced Friday that the massive new Hudson River Gateway rail project between New York and New Jersey is getting an additional …

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ICYMI: Gateway Development Commission Secures Full Funding …

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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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Hudson River Tunnel Project Receives Key Approval, $6.88B Federal ...

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Jul 7, 2023 · The Hudson River Tunnel project received federal approval to begin the engineering phase and an up to $6.88 billion funding commitment from the Federal Transit Administration, …

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$7 Billion For Hudson River Tunnels Locks In Project Beyond

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Jul 6, 2023 · The announcement of a $6.88 billion federal grant for the Hudson River train tunnel project is the largest federal transportation grant ever, and the largest single transportation …

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Hudson River Tunnel Project Between New York And New Jersey

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The construction of the new $16 billion, 2.4-mile Hudson River Rail Tunnel is part of Phase 1 of the Gateway Program, a comprehensive investment program that will improve and expand rail …

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$16 Billion Hudson River Tunnel Project Gets Final Green Light

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Jun 11, 2024 · The federal government had pledged the $6.88 billion toward Gateway last year, but a detailed funding agreement that will include about $600 million annually in the federal …

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Hudson River Tunnel Project Lands $11B In Fed Grants, Financing

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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 …

metro-magazine.com

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New CEO For Gateway Project To Build Hudson River Rail Tunnel

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Jan 17, 2025 · Biden's administration approved about $11.6 billion in federal funds for the project, or about 70% of the total cost, but it will now be the federal agencies under Trump's purview …

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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. It represents the largest project in …

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FAQs about NYC Rail Tunnel Project Gets $3.8 Billion in Federal Funds - BNN … Coupon?

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. ...

What is the Hudson River Tunnel project?

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 investment across the country as part of the Biden-Harris Administration’s $66 billion investment in passenger rail. ...

How much does the Hudson River tunnel cost?

Once all financial, technical, and legal requirements are completed, FTA’s anticipated funding commitment to the Hudson River Tunnel project will be $6.88 billion, subject to the annual appropriation of funds by Congress. The overall project cost is approximately $17.18 billion. ...

How much funding did the Gateway Tunnel project get?

Updated on: July 9, 2024 / 12:17 PM EDT / CBS New York NEW YORK -- Critical funding for the $16 billion Gateway tunnel project was made official Monday. The plan to build two new tunnels under the Hudson River and improve the existing tunnels received a $6.8 billion grant from the federal government. ...

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. ...

Why did FTA invest in the Hudson Tunnel project?

“FTA is proud to invest in the Hudson Tunnel Project so these rails can continue to carry millions of people who keep the American economy humming.” “New York City is the economic and cultural hub of the nation. ...