$13B

July 10, 2017 | Number of The Day
Rough estimate of total cost of Gateway Tunnel project

The U.S. DOT’s Federal Railroad Administration has published the draft Environmental Impact Statement for the Hudson Tunnel Project, aka the Gateway Tunnel, putting the price tag between $11.7 billion to $12.98 billion. The DEIS indicates that the plan includes building two new rail tubes in a single tunnel beneath the Hudson River that can maintain the existing level of train service while the North River Tunnel tubes are taken out of service one at a time for rehabilitation. Once the North River Tunnel restoration is complete, both old and new tunnels will be in service, providing redundancy and increased flexibility. 

Three public hearings on the draft statement are scheduled on August 1, August 3, and August 10.