January 31, 2023
Tonight's Spotlight brings you highlights from the day's news for New Jersey, brought to you by the reporting of NJ Spotlight News.
President Joe Biden came to New York City today bearing a significant cash infusion for the Gateway transportation project and a promise to work out all financing for its centerpiece element — two more rail tunnels under the Hudson River.
At a Manhattan news conference, Biden said $292 million from the federal Bipartisan Infrastructure Law had been earmarked for completion of a concrete casing for the tunnels, running under the Hudson Yards complex.
Biden also said he was committed to finalizing a financing structure for the entire $16 billion project, which had been slow-walked and de-emphasized by the Trump administration.
“It’s going to take time. It’s a multi-billion-dollar effort between the states and the federal government,” Biden said. “But we finally have the money and we’re going to get it done — I promise you. We’re going to get it done!”
The two existing rail tunnels — shared by Amtrak and NJ Transit — are more than a century old and deteriorating.
Estimated to be more than a decade away, completion of the new tubes would allow for restoration and, ultimately, doubling of rail capacity.
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