Biden Administration Increases Federal Share of Hudson Tunnel from 44% to 68%
November 3, 2023 – Senator Chuck Schumer (D-NY) today announced that the Federal Railroad Administration will be making a $3.8 billion grant towards construction of the new Hudson River Tunnel, increasing the federal government’s share of the project from 44 percent to 68 percent, well above the 50-50 split that New York and New Jersey politicians consistently said since 2015 that they were seeking.