"Gateway Development Commission (GDC) has received the full reimbursement owed to us from the federal government and now has more than $205 million available to fund work on the Hudson Tunnel Project, GDC said in a statement. We are working with our contractors to deploy these funds to resume work as soon as possible. Letters will be sent to contractors today, and construction activities are expected to resume next week, GDC added."
"The vital project will replace a 116-year-old two-tube passage, dubbed the North River Tunnel, which serves hundreds of thousands of Amtrak and New Jersey Transit commuters each weekday. Without the new tunnel, officials warn the existing one is in imminent danger of collapsing an event that would snarl rail traffic not only between the Empire and Garden States, but also throughout the region."
The Gateway Development Commission received the full federal reimbursement and now has more than $205 million available to fund the Hudson Tunnel Project. The federal release included $127 million owed in reimbursements, the remaining $98 million of the original $205 million withheld, and an additional $29 million for January. Letters will be sent to contractors and construction activities are expected to resume next week after nearly two weeks of a work stoppage. The project will replace the 116-year-old North River Tunnel that serves hundreds of thousands of Amtrak and New Jersey Transit commuters daily. Officials warn the existing tunnel faces imminent danger of collapsing, which would severely disrupt regional rail traffic.
Read at www.amny.com
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