Hudson River NJ-NY Rail Tunnel Faces New Halt Without Federal Funds

Hudson River NJ-NY Rail Tunnel Faces New Halt Without Federal Funds Construction on the planned $16 billion rail tunnel under the Hudson River could halt again within two to three months unless federal funding resumes, the project’s developer warned last week, according to Bloomberg. The project, led by the Gateway Development Commission, would build a new rail tunnel linking New Jersey and Manhattan for Amtrak and New Jersey Transit trains. It would also allow rehabilitation of...

By Tyler Durden