ICYMI: Gateway Development Commission Secures Full Funding …

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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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 Tunnel Project Secures Historic $6.88B Federal Funding Grant

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Jul 8, 2024 · State leaders from New Jersey and New York as well as Hudson Tunnel Project stakeholders and more gathered July 8, 2024, to mark the signing of a full funding grant …

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FINAL REQUIRED DOUMENTS FOR FULL-FUNDING GRANT …

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Apr 16, 2024 · 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 …

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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, …

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Feds Commit $6.88 Billion In Historic Funding For Long-Delayed …

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The Gateway Development Commission, the project’s sponsor, reported that the Hudson Tunnel Project has entered the Engineering Phase of the Federal Transit Administration’s Capital …

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Hudson Tunnel Project To Get $6.88B; Largest Transit Grant ... - ROI-NJ

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Jul 7, 2023 · The Hudson Tunnel Project has entered the Engineering Phase of the Federal Transit Administration’s Capital Investment Grants Program, thanks to a $6.88 billion CIG …

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Hudson Tunnel Project: $6.88B CIG Grant - Railway Age

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Jul 7, 2023 · The Gateway Development Commission (GDC) announced July 6 that the Hudson Tunnel Project has entered the Engineering Phase of the Federal Transit Administration’s …

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GATEWAY DEVELOPMENT COMMISSION SECURES FULL FUNDING …

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Jul 9, 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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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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FAQs about ICYMI: Gateway Development Commission Secures Full Funding … Coupon?

How much capital investment grants (CIG) funding will the Hudson Tunnel project get?

$6.88 billion in Capital Investment Grants (CIG) Program funding for the Hudson Tunnel Project (HTP). This comes as GDC transmited the last of its Critical Third-Party Agreements to the FTA on March 30, 2024 clearing the way for the HTP to secure all $16 billion by June 2024 for the project’s full d ...

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. ...

What is the Hudson Tunnel project?

“The Hudson Tunnel Project is a key portion of the transportation network along the Northeast Corridor that supports not only the region’s but the nation’s economy,” said Port Authority Executive Director Rick Cotton. ...

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 does the New York tunnel cost?

The new tunnel will be in service by 2035 and the full rehabilitation of the existing tunnel will be complete by 2038. The total $16 billion cost of the HTP will be split 70/30 between the federal government and the project’s local partners: New York, New Jersey, and the Port Authority of New York and New Jersey (PANYNJ). ...

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. ...