Bloomberg
By Skylar Woodhouse
November 6, 2023 at 10:00 AM UTC
President Joe Biden’s administration is providing $16.4 billion for rail infrastructure projects along Amtrak’s busy Northeast Corridor, including $3.8 billion for the Gateway Hudson River Tunnel.
The new funding will benefit 25 passenger rail projects via the Federal Railroad Administration’s Federal-State Partnership for Intercity Passenger Rail grant program. The money will help to rebuild tunnels and bridges; upgrade tracks, station power systems and signals; and advance projects to increase operating speeds, according to the White House.