NYC's $16 Billion Gateway Tunnel Project Locks In Billions In Federal Funding

NEW YORK, NEW YORK – MAY 21: (AUDIO OMITTED) Construction workers use drilling rigs as construction continues on the Hudson Yards Gateway Program planned expansion and renovation of the Northeast Corridor rail line between Newark, New Jersey, and New York City on May 21, 2023 in New York City. The delayed rail tunnel project officially secured $16 billion in federal funding in July 2024. By 2035, the new rail tunnel is anticipated to be completed, and by 2038, the old tunnel's renovations should be completed. (Footage by Tomas Abad/Getty Images)