The project involves building two new rail tubes in a single tunnel beneath the Hudson River.Photo – Amtrak
Building a new Hudson River rail tunnel between New York City and New Jersey could cost up to $12.9 billion, according to a draft environmental impact statement (DEIS) released yesterday by the Federal Railroad Administration (FRA). That amount includes $1.8 billion to rehabilitate the existing North River Tunnel.
The figure marks a jump from January, when Amtrak estimated the project would cost $7.7 billion. Nonetheless, the publication of the DEIS is a milestone in the clearance process before design or construction can begin, FRA officials said in a press release.