December 19, 2018---North Bergen--Governor Andrew M. Cuomo tours the North River Rail Tunnel that connects New Jersey and New York Wednesday night December 19, 2018. The North River Tunnels are a pair of tunnels that carry Amtrak and New Jersey Transit rail lines under the Hudson River between Weehawken, New Jersey and Pennsylvania Station in Manhattan, New York City. As of March 2018, up to $541 million for the Gateway Project, a program to build two additional rail tunnels under the Hudson River, was provided in the Consolidated Appropriations Act. (Kevin P. Coughlin/Office of Governor Andrew M. Cuomo)
NEW YORK – The Gateway Development Commission (GDC) board voted to make the GDC the project sponsor for the complete Hudson Tunnel Project.
Officials said the move is a critical milestone in receiving the billions of dollars in federal taxpayer money it needs.
The Project Sponsor is responsible for overseeing and completing the project on time and within budget, applying for and receiving Federal loans, and ensuring that the project meets all of its responsibilities under Federal requirements.
With the Commission’s resolution, the GDC will now work with the current Project Sponsor, the Port Authority of New York and New Jersey, to officially notify the Federal Transit Administration (FTA) and Federal Railroad Administration (FRA) of the change and take the necessary actions to complete the transfer of sponsorship.
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The Federal Railroad Administration has issued a Notice of Funding Opportunity that makes available over $2 billion in Federal-State Partnership for Intercity Passenger Rail Program funding for projects on the Northeast Corridor.
The number of people who took Amtrak in Fiscal Year 2014 increased 0.2 percent from a year earlier while ticket revenues increased 4 percent, the railroad said. “Amtrak is clearly selling a product that is very much in demand,” Amtrak Board Chairman Tony Coscia said in a news release. “Achieving strong ridership and revenue despite the challenges with aging infrastructure and freight rail congestion demonstrates Amtrak’s commitment to improving its financial and operating performance, and is a credit to Amtrak’s management and staff. It is now time to leverage Amtrak’s successes in increasing ridership and improving performance by making much-needed
