GATEWAY DEVELOPMENT COMMISSION SECURES FULL …

Jul 8, 2024 · New Jersey, and the entire Northeast orridor by providing $11.7 billion in federal funding for the Gateway Project and over $4 billion in federal loans,” said USDOT Deputy …

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GATEWAY DEVELOPMENT COMMISSION SECURES FULL …

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Jul 8, 2024 · New Jersey, and the entire Northeast orridor by providing $11.7 billion in federal funding for the Gateway Project and over $4 billion in federal loans,” said USDOT Deputy …

gatewayprogram.org

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

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Jun 12, 2024 · The Gateway Development Commission spokesperson Steve Sigmund said in an emailed statement, referring to the capital investment grants, ‘The full funding agreement for …

constructionreviewonline.com

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GDC Signs Full Funding Agreement For Hudson Tunnel Project

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Jul 8, 2024 · The Gateway Development Commission (GDC) in New York has today signed the Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) for $6.88bn in federal funding for the Hudson Tunnel Project (HTP) and closed on Railroad Rehabilitation and Improvement Financing (RRIF) loans from the Build America Bureau totalling $4.06bn to fund …

tunnellingjournal.com

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Hudson Tunnel Project Secures Historic $6.88B Federal Funding Grant

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Jul 8, 2024 · The more than $11 billion federal share of the $16 billion Hudson Tunnel Project represents a 70/30 split between the federal government and local project partners (New …

njbiz.com

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Time To Dig: Gateway Tunnel Project Gets Full-funding Grant ($6.8B ...

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Jun 12, 2024 · It’s time to dig the tunnels. Finally. The $16 billion Gateway Tunnel project received a $6.8 billion full-funding grant from the federal government Tuesday — a celebratory moment …

roi-nj.com

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Hudson Tunnel Project To Receive US$6.88bn Federal Grant

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Jul 10, 2023 · The US$16bn project involves building the new 3.9km two-tube Gateway Tunnel under the Hudson River, between Newark, New Jersey, and New York City’s Penn Station, …

tunnelsandtunnelling.com

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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 …

insidernj.com

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Gateway Development Commission Secures Full Funding For Hudson Tunnel …

12 hours ago

Jul 8, 2024 · The Gateway Development Commission (GDC) today signed a Full Funding Grant Agreement (FFGA) with the Federal Transit Administration (FTA) for $6.88 billion in federal funding for the Hudson Tunnel Project (HTP) and closed on Railroad Rehabilitation and Improvement Financing (RRIF) loans from the Build America Bureau totaling $4.06 billion to ...

njbmagazine.com

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Hudson Tunnel Project Secures $6.88 Billion Federal Grant, …

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Jul 6, 2023 · In a significant milestone for the Gateway Development Commission (GDC), the Hudson Tunnel Project has officially entered the Engineering Phase of the Federal Transit …

5townscentral.com

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ICYMI: Final Required Documents For Full-Funding Grant …

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Apr 16, 2024 · Newark/New York – The Gateway Development Commission (GDC) announced at its April board meeting today that it has submitted all documents required by the Federal Transit Administration (FTA) to reach a Full-Funding Grant Agreement (FFGA) for $6.88 billion in Capital Investment Grants (CIG) Program funding for the Hudson Tunnel Project (HTP).. This comes …

nj.gov

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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 …

politico.com

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Hudson Tunnel Project Gets $6.8 Billion Dollar Boost

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Jun 17, 2024 · 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 federal funding, as part of a new Full Funding Grant ...

newsweek.com

FAQs about GATEWAY DEVELOPMENT COMMISSION SECURES FULL … Coupon?

How will the Hudson Tunnel Project Impact New Jersey & New York?

“The Hudson Tunnel Project is transformative, improving reliability for the hundreds of thousands of commuters who depend on this vital transit link every day. This critical investment in our infrastructure will benefit not only New Jersey and New York, but the entire country by enhancing connectivity, creating jobs, and driving economic growth.” ...

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. ...

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. ...

How much funding does the Gateway Project get?

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. ...

How will the new Hudson River tunnel affect Amtrak?

“The new Hudson River Tunnel will supercharge the rail connections across our region and to the nation, improving and expanding rail service in ways we’ve only been able to dream about in the past,” said Amtrak Board Chair and GDC Vice Chair Tony Coscia. ...

Will New York & New Jersey get a rail tunnel?

The tunnel will connect New York and New Jersey and is a key part of a regional Gateway infrastructure program to improve passenger rail in the Northeast. “The dollars are there and Gateway will get done,” Schumer, a New York Democrat, said during a press conference at a Manhattan railyard. ...