Related Companies and Amtrak have agreed to begin work on a new rail tunnel between New Jersey and Manhattan, the New York Post reported.
Construction on the 800-foot-long “box tunnel” will begin this summer right under Related’s Hudson Yards megaproject and is expected to cost between $120 and $150 million, primarily funded by federal dollars. Sen. Chuck Schumer, who championed the deal, told the Post that it marked “a red-letter day for the future of New York-New Jersey mass transit.” He recognized the agreement as a commitment to a new tunnel for the first time since New Jersey Gov. Chris Christie nixed plans for a $15 billion four-track project in 2010. [more]