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Work on $16Bn New York-New Jersey Megaproject To Restart As Funds Released

Work on $16Bn New York-New Jersey Megaproject To Restart As Funds Released

Summary

Construction on the $16 billion Gateway rail tunnel between Manhattan and New Jersey is set to restart. The project had been paused due to a funding freeze, but a judge's order led to the release of necessary federal payments.

Key Facts

  • The Gateway rail tunnel project is worth $16 billion.
  • The project connects Manhattan, New York, and New Jersey.
  • Construction had stopped because federal payments were withheld.
  • A judge ordered the release of about $235 million, enabling work to restart.
  • The Hudson River tunnel serves over 200,000 daily riders and was damaged during Hurricane Sandy.
  • Funding comes from the federal government, New York, New Jersey, and Amtrak.
  • Contractors received instructions to resume work next week.
  • The issue of funding interruptions remains a legal and political challenge.

Source Information