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An agreement to fund the construction of new Hudson River rail tunnels has been reached between federal, New York, New Jersey and Amtrak officials that will have the federal government paying for at least half the project, New York news media reported yesterday.
This morning, Amtrak President and Chief Executive Officer Joseph Boardman issued the following statement: "We applaud Govs. Christie and Cuomo and Sens. Schumer (D-N.Y.) and Booker (D-N.J.) for reaching agreement on the concept of establishing a new Gateway Development Corporation and their commitment to advance this critical program. The Gateway Program is essential to ensuring safe and reliable mobility for the region's rail passengers. Amtrak looks forward to working with all stakeholders to establish this new entity and to preserving and expanding the vital Northeast Corridor rail link that serves as a foundation for the region's economy."
To learn more about the Hudson River rail tunnel, which is the key component in Amtrak's Gateway plan, read this month's cover story in Progressive Railroading.
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