Historic $16 Billion Funding Secured for Gateway Tunnel Project

The new Hudson River tunnel aims to double rail capacity and create 95,000 jobs, despite concerns over its connection to Penn Station.

The U.S. Department of Transportation has signed off on a $6.88 billion grant, completing federal funding for the Gateway Tunnel Project.
The project will add a new tunnel with two tracks under the Hudson River, increasing capacity for Amtrak and NJ Transit trains.
Officials celebrated the largest federal infrastructure investment in U.S. history, totaling $12 billion in federal grants and $4 billion in loans.
Concerns remain about the efficiency of the new tunnel's connection to Penn Station, with calls to revise the plan to avoid additional costs.
The project is expected to generate $20 billion in economic impacts for New York and New Jersey and take over a decade to complete.