July 7, 2017
According to a report released Thursday by the federal government, constructing a new rail tunnel under the Hudson River and repairing the existing one could cost nearly $13 billion, almost a 50 percent increase from an earlier $7.7 billion estimate. Transit officials say they are moving forward with the project because of its urgency; the two-track tunnel, which takes Amtrak riders and NJ Transit commuters to and from New York City, is over 100 years old and was severely damaged by Hurricane Sandy. According to Crain’s, the report, which evaluated the plan’s environmental and economic impacts, follows the recent withdrawal of the U.S. Transportation Department from the Gateway corporation board.
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