Yes, but the project, including the rail portion is expected to cost around $12 Billion. So far, what Gillibrand has mentioned is only like 10% of the total estimated cost. The MTA and the Thruway Authority are both statutorily limited to taking out $2Billion in bonds for a project. So that leaves the project $6.3 Billion short. The NYS legislature could kick in maybe another $3 Billion directly, but with the state's finances as they are, I kind of doubt it. The Feds could take their $3Billion from the now canceled ARC project and put it toward this project, but it's questionable whether this project has as much total value as the ARC project did. Though with both cars and rail on this bridge, it is more likely to get bi-partisan support. In the end, this project is so huge (though certainly necessary in my opinion) that I wonder how far it can proceed in this current economic climate.
---Electrical Engineer---
5th generation from Harmon (Croton-on-Hudson, NY), home of the MTA MNRR Harmon Shops.
B.S. Elec. Eng. Tech., Rochester Institute of Tech.
"I have problems sleeping at night when I can't hear the idling of several GE locomotives reverberating off the hills."