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Another $1B slated for tunnel for the new Hudson rail tunnel named Access to the Region’s Core:
The Port Authority of New York and New Jersey will provide another $1 billion to build a tunnel to carry trains under the Hudson River, bringing its total contribution to the $7.5 billion project to $3 billion.
The authority had committed $2 billion to the tunnel, which is scheduled to be completed by 2017. The agency operates the region’s airports, the bridges and tunnels that carry automobiles between New Jersey and New York City, and the PATH train system.
New Jersey Transit says the tunnel will almost double the number of trains that can travel into Manhattan at rush hour, easing congestion as more commuters switch to mass transit amid rising gas prices and more crowded highways, and reducing travel time into the biggest city in the United States.
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The authority also will ask the board today to approve a toll increase of $2 on its Hudson River and Staten Island crossings and a 50-cent raise on PATH train fares, the Star-Ledger of Newark reported Wednesday, citing unidentified transportation officials.
The project aims at connecting the Main/Bergen/Pascack Valley Lines of New Jersey Transit with the North East Corridor service. Passengers will be able to take a “one seat journey” to NY Penn Station instead of transferring at Secaucus. A new 6 track terminal facility will be constructed under 34th Street with connections to the existing Penn Station. Additionally, the two new single-track tunnels will be linked to the existing Penn Station facility to facilitate periodic repairs and maintenance on the existing 1917 Hudson Tunnels.
Taking the long view, the linking of the NJ Transit Main/Bergen/Pascack Valley Lines to Penn Station will allow rail service to the Port Authority’s newest airport acquisition, Stewart International Airport, some 55 miles north of NYC via the Port Jervis Line. This rail link will be necessary to make this facility commercially viable, much like the rail links to London’s Gatwick, Stansted and Heathrow airports.