New Research Finds Hudson Tunnel Project Will Generate 95,000 Jobs, $19.6 Billion In Economic Activity
April 29, 2024 | nj.gov
Credit: Gov. Phil Murphy (Edwin J. Torres/ Governor's Office)
A new report released today (4/29 )by Regional Plan Association (RPA) finds that the Hudson Tunnel Project (HTP) will generate $19.6 billion in economic activity and create approximately 95,000 jobs during its construction – an increase of 20,000 jobs over previous estimates.
The report utilizes research done on behalf of the Gateway Development Commission (GDC) that found the three early works components of the Hudson Tunnel Project currently underway, which represent roughly $1 billion in awarded contracts, will yield 7,500 jobs and generate $625 million of labor income. The new estimates of the project’s overall impact were obtained by extrapolating this analysis over the $16 billion in total construction spend for the Hudson Tunnel Project.
Read More: Click Here
Comments