The governors of New York and New Jersey announced the first phase of the frame work for a funding agreement for the Gateway rail tunnel to Manhattan and the Portal North Bridge.
The MOU advances the Gateway Program to its next phase, which will detail the parties’ responsibilities with respect to delivery of the Hudson Tunnel Project and move forward in the federal project review.
The agreement equally divides the local share to build the Portal North Bridge at $386.2 million per state. Awas entered into with the Federal Transit Administration on Jan. 14. 2021. Besides the transit funds, that deal calls for Federal Highway Administration to pay $57.1 million and Amtrak $261.5 million. It reduces the local funding that New Jersey initially committed to the project to secure federal funding before the MOU was signed.
“The States intend to work with their partners and federal entities to aggressively pursue greater federal sources of funding for the Gateway Program through the“This agreement between New Jersey and New York is a big step in moving the Gateway Project forward,” said U.S. Senator Robert Menendez, D-NJ, who praised the governors and Port Authority for reaching the agreement.
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