Officials in N.J., N.Y Celebrate Deal to Fully Fund $16B Hudson Tunnel Project
Officials from New Jersey and New York convened in Manhattan July 8 to celebrate a major funding agreement that finalizes a long-awaited cross-Hudson rail project that will double capacity and boost the reliability of the plagued railway. The Gateway Development Commission (GDC) signed a full funding deal with the Federal Transit Administration (FTA) for $6.88 billion in federal funding for the Hudson Tunnel Project (HTP) and closed on rail rehabilitation monies from the Build America Bureau totaling $4.06 billion to fund the local share of the project....
machineryasia 
Officials from New Jersey and New York convened in Manhattan July 8 to celebrate a major funding agreement that finalizes a long-awaited cross-Hudson rail project that will double capacity and boost the reliability of the plagued railway. The Gateway Development Commission (GDC) signed a full funding deal with the Federal Transit Administration (FTA) for $6.88 billion in federal funding for the Hudson Tunnel Project (HTP) and closed on rail rehabilitation monies from the Build America Bureau totaling $4.06 billion to fund the local share of the project....
