Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!

New Amtrak Tunnel Between NJ And NYC Gets The Federal Funding “Go Ahead”

Courtesy of ZeroHedge View original post here.

It looks like Amtrak is at the front of the line at the trough of President Biden's new infrastructure spending.

The rail giant is expecting $22 billion in government funding, with additional government funding going to complete the proposed Gateway rail tunnel between New York and New Jersey, according to a new report from Bloomberg

Amtrak Chief Executive Officer Stephen Gardner said this week about the tunnel: “Importantly, it’s going through all the environmental process and it’s now cued up for funding. We’re going through the process to get that remaining money necessary from the federal government so that we can start that program.”

The tunnel is slated to cost $12.3 billion and was approved by the administration of President Joe Biden this year. It was previously held up by the Trump administration, Bloomberg reported. It'll allow for "twice as many trains to run under the river, including those that are part of its Northeast Corridor service that connects Boston, New York and Washington," the report says.

Gardner says he expects an additional $22 billion in government funding by this summer. 

“The first year of that money will coming to the company hopefully by this summer, early fall. And we’ll be putting it to work,” he concluded. 


Do you know someone who would benefit from this information? We can send your friend a strictly confidential, one-time email telling them about this information. Your privacy and your friend's privacy is your business... no spam! Click here and tell a friend!





You must be logged in to make a comment.
You can sign up for a membership or get a FREE Daily News membership or log in

Sign up today for an exclusive discount along with our 30-day GUARANTEE — Love us or leave, with your money back! Click here to become a part of our growing community and learn how to stop gambling with your investments. We will teach you to BE THE HOUSE — Not the Gambler!

Click here to see some testimonials from our members!