New York and New Jersey reach funding agreement for phase 1 of Gateway Project to build two rail tunnels under Hudson River. elijahwestbrook reports:
-- New York and New Jersey have crossed a major bridge toward building the Gateway Hudson Tunnel.
Those who ride Amtrak or NJ Transit know how frustrating it can be when there are issues with the current tunnels. Now, the long-awaited project is getting the go-ahead from state leaders. According to the Port Authority of New York and New Jersey, phase one will cost $2.7 billion. The federal government has agreed to pay 60% of it, which leaves New York and New Jersey to split the difference -- $772.4 million, or $386.2 per state.
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