New York, New Jersey reach funding pact for new rail tunnel

New York, New Jersey reach funding pact for new rail tunnel

Published on December 15, 2017

NEWARK, N.J. — New York and New Jersey announced Thursday how they will pay for their share of an estimated $13 billion project to build a new rail tunnel under the Hudson River and other improvements, with New Jersey’s outgoing governor outlining a plan that calls for progressively steeper fare hikes for train riders in his state during the next 20 years.

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