An updated financial plan for the Hudson Tunnel Project, a cornerstone of the Gateway Program, has been developed with the Federal Transit Administration (FTA) and was submitted to FTA on Aug. 27. The plan includes a price increase of nearly $700 million from the 2020 financial plan, but project partners point out their commitment to managing costs and schedule is also reflected in the new financial plan. “The Hudson Tunnel Project is of the utmost importance to the economic well-being of New Jersey, our region and our country,” said New Jersey Gov. Phil Murphy. “The updated financial plan that is...
