The Gateway Development Commission (GDC) has secured €16 billion dollars in funding to complete the Hudson Tunnel Project (HTP) in New York and New Jersey. This includes €12 billion in funding from the Federal Government, marking the largest-ever federal funding commitment to a rail transformation project in US history.
The GDC was established in July 2019 by the states of New York and New Jersey to deliver Phase 1 of the Gateway Program, a rail infrastructure project along the country’s Northeast Corridor (NEC).
Continue reading: US Government invests record €12 billion in New York rail infrastructure