Biden-Harris Administration Announces $11 Billion for Hudson River Tunnel Project
The new and rehabilitated tunnels are expected to open by 2038, providing significant capacity expansion for Amtrak and NJ Transit trains.
New York, July 8, 2024 / USDOT / – The Biden-Harris Administration has committed $11 billion to the Hudson River Tunnel project, a major infrastructure initiative funded by the Bipartisan Infrastructure Law. This project will construct a new rail tunnel between New York and New Jersey and rehabilitate the century-old North River Tunnel, which was damaged by Superstorm Sandy in 2012.
Image Source | (©Bergadder | pixabay)
Key announcements:
- FTA Grant: The Federal Transit Administration signed a $6.9 billion Full Funding Grant Agreement, the largest in its history.
- RRIF Loans: Transportation Secretary Pete Buttigieg approved $4.1 billion in low-interest loans through the Build America Bureau.
Transportation Secretary Pete Buttigieg emphasized the project's importance: "Using funds from the President's infrastructure law, we are building a new tunnel that improves train travel for millions of Americans and revitalizes a vital rail corridor."
The Hudson Tunnel Project includes:
- A new double-track tunnel between New Jersey and Manhattan.
- Rehabilitation of the North River Tunnel.
- Construction of a concrete casing at Hudson Yards for future connections.
Additional USDOT support includes:
- $3.8 billion through the Federal Railroad Administration.
- $1 billion from Amtrak annual grants.
- $25 million from the RAISE program for the Tonnelle Avenue Bridge Project.
- $292.1 million from the MEGA Grant program for the Hudson Yard Concrete Casing Phase 3 project.
This project aims to improve service, reliability, and resilience against future natural disasters while enhancing safety for all users. The new and rehabilitated tunnels are expected to open by 2038, providing significant capacity expansion for Amtrak and NJ Transit trains.
