Jan
05
Port Authority Backs Funding for Long-Stalled Hudson Tunnel
ByThe new railroad tunnel into New York City moved a small step closer to reality.
The Port Authority of New York and New Jersey proposed a $32 billion capital plan for the next decade that includes $2.7 billion to build a tunnel under the Hudson River and rehabilitate the century-old one damaged by Superstorm Sandy.
The sum set aside for the tunnel is a fraction of the $24 billion project’s cost, which also involves replacing bridges and adding high-speed rail lines. New York and New Jersey are splitting the cost with the federal government. The two states haven’t identified other funding sources, for the project, known as Gateway, apart from the Port Authority’s share…
Port Authority Backs Funding for Long-Stalled Hudson Tunnel
