A federal grant for new rail tunnels linking N.J. and N.Y.C. is approved, but construction will last years

It’s official. Paperwork was approved Tuesday for a historic $6.8 billion federal grant to build the new Gateway rail tunnels under the Hudson River. Two major financing agreements were unanimously approved by the Gateway Development Commission Tuesday that put the last two local agreements in place for the $16.04 billion project to build two new rail tunnels between New Jersey and New York City, and to rehabilitate the existing 114-year-old tunnels.

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