WATCH LIVE

Donald Trump makes appearance on the convention floor during the first night of the RNC

NJ agrees to payment plan for its share of the Hudson River Rail Tunnel

New Jersey officials have agreed to a payment plan to pay for the state’s share of the Hudson River Rail Tunnel Project.

News 12 Staff

Dec 20, 2022, 11:44 PM

Updated 573 days ago

Share:

New Jersey officials have agreed to a payment plan to pay for the state’s share of the Hudson River Rail Tunnel Project.
The state will make yearly loan payments of $124 million starting in 2033. This will pay for 25% of the cost to build two new rail tunnels under the Hudson river.
New York is also paying 25% of the bill. The federal government will take care of the rest.
The project is expected to cost $16 billion to complete.


More from News 12