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The funding, however, will only go towards a sliver of the work that’s needed for the $16.1 billion project, which is set for completion in 2038.
President Biden announced funding for the Hudson Tunnel Project, part of the Gateway Program to improve railroad connections between New York and New Jersey.
President Joe Biden will announce nearly $300 million in funding for work on a new rail tunnel under the Hudson River.
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The cash will pay for 'a critical early phase' of the project to carry trains beneath the Hudson Yards, back and forth from Penn Station and the Secaucus station in New Jersey, a White House official said.
This year will be critical as early construction begins and as the Gateway Development Commission begins its first year as a standalone agency.