Hudson Tunnel Project

The Gateway Development Commission (GDC) announced Monday it executed a $3.8 billion federal grant agreement for the Hudson Tunnel Project (HTP). The move clears GDC to receive an initial $1.9 billion.

The $3.8 billion Federal-State Partnership (FSP) Grant with the Federal Railroad Administration (FRA) completes the $12 billion federal contribution for the HTP. Representing the largest federal funding committing for a rail project in modern history, the contribution covers 70% of the project’s cost. That figure comes in notably higher than the original plan for federal and local partners to split costs 50-50.