Statement on Gateway Development Commission Announcing Execution of $3.8 Billion FSP Grant

“On behalf of the New York Building Congress and our Board of Directors, I want to congratulate the Gateway Development Commission on the recent execution of the $3.8 billion agreement between GDC and the Federal Railroad Administration,” said Carlo A. Scissura, Esq., President and CEO of the New York Building Congress. “The completion of the $12 billion in federal contributions marks a crucial milestone for the Hudson Tunnel Project and underscores the importance of robust investment in modernizing our nation’s infrastructure. Our members are proud to have worked on every stage of this project thus far, and with $2.7 billion in grant funds now available, we are excited to continue to work on the transformative impact this project will have on regional connectivity and economic vitality.”