Board Overseeing Hudson River Train Tunnel Project Votes to Pursue a P3

Reuters reports, “The board overseeing the construction of a new train tunnel under New York’s Hudson River agreed on Thursday [June 1] to solicit information from private-sector construction and finance firms about how to complete the multibillion-dollar project. The tunnel, part of national rail company Amtrak’s $24 billion Gateway Program, could potentially use a public-private partnership (P3) model to build and finance portions of the project, John Porcari, interim director of the Gateway Program Development Corporation, told board trustees.” [Link inserted.]