"The project − meant to create a new rail tunnel and rehabilitate the existing 115-year-old pair of tunnels under the Hudson River − has already begun construction at several sites with hundreds of workers operating as of Oct. 17. That hasn't stopped Trump, a former New York real estate mogul, from threatening the $16 billion project. "I'm cutting the project," Trump told Fox Business in an interview that aired Oct. 17. "The project is going to be dead. It is pretty much dead right now.""
"On the Senate floor on Oct. 16, Schumer said the funding cut is "petty revenge politics." "Gateway is the most important infrastructure project in America, period," he said. "It will keep our economy moving, our region connected, and tens of thousands of union workers on the job." The project, set to build nine miles of new passenger rail track with a two-tube tunnel, is set to be completed by 2035. The old rail tunnel is expected to be fixed and back in service by 2038. The project has been billed as bringing tens of thousands of jobs, tens of billions of dollars in economic activity and increasing transit ridership with four tracks instead of the current two."
The Gateway tunnel project plans a new two-tube rail tunnel and rehabilitation of a 115-year-old pair of Hudson River tunnels to expand service between New York and New Jersey at a cost of $16 billion. Construction has begun at several sites with hundreds of workers operating as of Oct. 17. President Trump announced he will cut the project and declared it effectively dead. Senate Minority Leader Chuck Schumer called a funding cut "petty revenge politics" and said the project is critical to the region and jobs. The project timeline targets completion of the new tunnel by 2035 and restoration of the old tunnel by 2038, with projected major economic and ridership benefits. A Gateway Development Commission spokesperson declined to comment and federal offices did not immediately respond to requests.
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