Gateway tunnel funding approved


HUDSON COUNTY – The governors of New York and New Jersey have come to an agreement that would pave the way for each state to pay its share of the proposed Gateway Tunnel.
This would follow guidelines originally set in 2015 which would have the federal government pay for 50 percent of the costs. New York will contribute $1.75 billion, NJ Transit $1.9 billion, and Port Authority, 1.9 billion towards the project.
This is considered an important next step in the construction of the Hudson River Tunnel Project which will run near Hoboken, Weehawken and North Bergen to eventually access Secaucus Junction rail terminal.
The $12.7 billion Gateway Hudson Tunnel Project will construct a new two track tunnel and eventually rehabilitate the existing Amtrak North River Tunnel which suffered significant damage during Superstorm Sandy in 2012.