U.S. Reverses Guidance That Impeded Funding for Hudson Rail Tunnel
U.S. Reverses Guidance That Impeded Funding for Hudson Rail Tunnel 02/16/2021 | 05:36pm EDT Send by mail : Message : By Ted Mann WASHINGTON -- The Transportation Department on Tuesday rescinded a Trump administration opinion that had effectively blocked federal funding for a new rail tunnel under the Hudson River linking New Jersey and New York City. The DOT's Federal Transit Administration rescinded guidance issued in 2018, which effectively blocked project sponsors from counting funds borrowed from federal programs as part of the local share of a project's financing. New Y...
Source: marketscreener.com