EuroStar wrote:
Also I thought that the Port Authority already budgeted a couple of billions in its 10 year plan for Gateway. That is definitely local money, so the claims that there are not any local money committed are pure BS. The states paying back the federal loans is also local money.
Let's review what money has been promised for the Gateway projects....
As of 14 December 2017; per
https://www.amny.com/transit/gateway-tu ... 1.15455694" onclick="window.open(this.href);return false;
Projected costs for the Gateway Project: $24 billion
Projected costs for the new Tunnels: $12.9 billion (per NJ & NY)
NJ & NY total commitments for just the new Tunnels: $5.55 billion
NY commitments for just the new Tunnels: $1.75 billion
NJ commitments for just the new Tunnels: $1.9 billion
Port Authority (NJ & NY) for just the new Tunnels: $1.9 billion
USDOT projected costs for "all" the Tunnels: $14.9 billion (USDOT also includes costs for refurbishing the old tunnels)
Additional worthy to note:
The Port Authority, a bi-state agency, will also budget $1.9 billion in its capital program. NJ Transit riders will see the most personal impact. The transit agency will pay for its portion by implementing a per-passenger trip charge for all its rail riders. The fees will amount a $.90 charge each way beginning in 2020 and will increase to $1.70 in 2028 and $2.20 in 2038.
Double those fare increases for a daily round trip. Will anyone be able to afford to commute into NYC from NJ after they take effect?
"“[The] submission on file proposes the federal government pay 85 percent of the project costs, for a tunnel where nine out of 10 passengers are local transit riders,” the USDOT official said. “This is entirely unserious.”
When the parties are looking at the entire Gateway Project differently, they're going to have different costs and different sharing of those costs. Why two governors wait until December 2017, a year after Trump was elected, to come to an agreement between themselves and Obama is beyond me? t's not like they didn't know Obama's two terms expired in January 2017? Deals without signatures signed on the dotted line on paper between two organizations are worthless. They should have reached an agreement years earlier while Obama was still President.