First Hudson Tunnel projects create $4.5B in economic output

Big Project Has Big Economic Impact, New Report Shows

What happened: Five active construction projects currently underway as part of building a new passenger rail tunnel between New York and New Jersey will support more than 20,000 jobs, create $4.5 billion in economic output, and generate $1.7 billion in salaries and benefits, according to a report released March 20 by the Gateway Development Commission. Other economic benefits from the five projects include: Ninety-four percent of the $2.2 billi…

First Hudson Tunnel projects create $4.5B in economic output

The Gateway Development Commission commissioned a new economic impact analysis of the first five contracts awarded as part of the Hudson Tunnel Project.

Hudson Tunnel Project analysis shows construction supports 20,200 jobs, $4.5B in economic output

The Gateway Development Commission (GDC) commissioned a new economic impact analysis of the first five contracts in active construction on the Hudson Tunnel Project (HTP) which found that work underway will support 20,200 direct, indirect, and induced full-time equivalent (FTE) workers while generating $4.5 billion in economic output and $1.7 billion in labor income. Click here to read the full report. “When the Hudson Tunnel Project is complete…

Hudson Tunnel projects create $4.5B in economic output

The Gateway Development Commission (GDC) commissioned a new economic impact analysis of the first five contracts awarded as part of the Hudson Tunnel Project. Described as the nation’s most critical infrastructure project, HTP will include 9 miles of rail tunnel under the Hudson River, as well as the rehabilitation of the existing 115-year-old tunnel. Beyond its age, the subterranean passage also suffered significant damage during Superstorm San…