A total of $2.7 billion in funding proposals for a new rail tunnel under the Hudson River was included in the Port Authority of New York and New Jersey’s $32 billion, 10-year capital plan. PANYNJ Executive Director Pat Foye described the outlay as “far and away the largest single commitment of financing to the Gateway tunnel” and “a huge step forward” for the project, which is part of Amtrak’s Gateway Program for its Northeast Corridor. Also in the Authority’s capital plan is $3.5 billion for a new bus terminal to replace the existing 66-year-old terminal on the west side of Manhattan. To read more, click here.
