April 16, 2024 | nj.gov
The Gateway Development Commission (GDC) announced at its April board meeting today that it has submitted all documents required by the Federal Transit Administration (FTA) to reach a Full-Funding Grant Agreement (FFGA) for $6.88 billion in Capital Investment Grants (CIG) Program funding for the Hudson Tunnel Project (HTP).
This comes as GDC transmitted the last of its Critical Third-Party Agreements to the FTA on March 30, 2024, clearing the way for the HTP to secure all $16 billion by June 2024 for the project’s full delivery. The HTP has the largest federal funding commitment to a mass transit project in modern history.
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NJ SEED: Another encouraging step toward realization of a long planned and urgently needed additional trans Hudson RR tunnel.