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Statement from Kathryn Wylde, President & CEO of the Partnership for New York City, on the Gateway Funding Agreement

“Responding to a looming regional transit crisis, federal and state officials have moved with incredible speed to establish the mechanism and potential funding required to build the new passenger rail tunnel under the Hudson — a project that is absolutely necessary to sustain regional economic growth. Accelerating the environmental approval process and tapping into the resources and expertise of the private sector through a public-private partnership approach to project development will ensure that the Gateway project is delivered expeditiously and on the most favorable terms.”