The Gateway Project connecting New York and New Jersey could be one of the first major tunneling projects to benefit from the $1 trillion infrastructure bill that was signed into law in November with construction on the tunnel beneath the Hudson River starting as soon as 2023. Financing for the project could be place by the end of 2022, said Balpreet Grewal-Virk, Gateway Development Corporation (GDC) co-chairwoman. “It’s been an incredible few months and a productive year with the Biden administration moving it forward,” said Balpreet Grewal-Virk, Gateway Development Corporation (GDC) co-chairwoman. “We are looking to enter into engineering next year and hope to get a (federal) full funding grant by December and a summer of 2023 start.” The cost of the project stands at $9.8 billion for n...
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