Transportation
NYC Rail Project Heads for ‘Point of No Return’ Before Election
- Gateway Project expected to get $12 billion in federal funds
- Project sponsor targets final step to secure funding by summer
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A long-delayed $16 billion rail tunnel project connecting New York and New Jersey is planned to cross the last hurdle to secure federal funding ahead of the US presidential election.
The project’s sponsor, the Gateway Development Commission, set a target to secure the final signatures for federal funding by the end of summer, shrugging off concerns that changes in the oval office could once again thwart construction. Over a decade ago, a predecessor project was scrapped by then-New Jersey Governor Chris Christie.