Business View Magazine - August 2023

17 BUSINESS VIEW MAGAZINE VOLUME 10, ISSUE 8 Source- https :https://www.americancityandcounty . com/Andy Castillo,First published July 12, 2023 One of the largest infrastructure projects undertaken in American history, the $17.18 billion Hudson River Tunnel project, has received approval to begin moving forward—and will receive $6 billion through the Federal Transit Administration’s Capital Investment Grant Program. “Every day, 200,000 people pass through the North River Tunnel, and a closure affects not just the entire Northeast Corridor, but the entire country,” said U.S. Transportation Secretary Pete Buttigieg in a statement published by the Department of Transportation. “Today, we are proud to announce that the Hudson River Tunnel Project is entering the engineering phase, moving us a huge step closer to finally revitalizing and expanding this century-old piece of American infrastructure.” According to a description from the federal transit organization, the Hudson River Tunnel $17B HUDSON RIVER TUNNEL PROJECT MOVES INTO ENGINEERING PHASE, RECEIVES $6B GRANT OPENING L INES