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.
Before you copy and paste this information to your website, please keep in mind this research took a lot of effort. Appreciate it. Learn from it. But do not plagiarize it. Yes, if you think we might be talking to you, we are.