U.S. says $11.6 billion NYC-area tunnel project reaches key milestones

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Reuters

By David Shepardson WASHINGTON (Reuters) – Two U.S. agencies on Friday said a planned $11.6 billion project to reconstruct and add a new tunnel between New York City and New Jersey reached two key milestones that will allow it to advance and receive federal funding. The Federal Railroad Administration and Federal Transit Administration on Friday jointly issued the final Environment Impact Statement and Record of Decision for the Hudson Tunnel Project, key steps for the project that is a crucial economic link in the U.S. Northeast. “This is a big step for the Northeast, and for the entire count…

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