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Amtrak Says Gateway Project Would Mean 4-to-1 Economic Payback

  • No federal financial commitment as Hudson River tunnel decays
  • Trump’s $1 trillion pitch key to Northeastern U.S. rail future
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Photographer: Luke Sharrett/Bloomberg

Gateway, the $25 billion project to ease commuter congestion between New Jersey and New York, would generate $4 for every one spent, according to a summary released by Amtrak.

The findings were based on a broader study to bolster the funding chances for one of the nation’s biggest proposed transportation-infrastructure projects. While New York and New Jersey have agreed to pay half the cost, the federal government has made no commitment.