REGULATORY · MARKET STRUCTURE · USA

Hudson River Tunnel project funding restarts after court-ordered freeze

Yahoo 13 Feb · 7:22 PM
Change
The U.S. Department of Transportation processed the first $30 million tranche of previously frozen Gateway Development Commission funds for the $16 billion Hudson River Tunnel project.
Hudson River Tunnel project funding restarts after court-ordered freeze
Why it matters
The payment breaks a nearly five-month cash interruption and reopens a near-term path to restart halted construction once Treasury completes disbursement after the holiday. With the project’s credit line exhausted and ~1,000 workers already laid off, the timing of subsequent releases of the remaining roughly $200 million will determine whether remobilization can occur without further stop-start costs and schedule slippage. The disbursement also signals active compliance with Judge Jeannette Vargas’s order, reducing the likelihood of an extended administrative hold on near-term federal cashflows for the project.
Source

Read full article on Yahoo →

Topics

World & Politics Policy & Regulation Law & Public Safety Court Rulings Business & Markets Supply Chain & Logistics

Decision-grade intelligence

Be prepared — without the noise

Calm, decision-grade intelligence that flags material changes before they become social knowledge—so you can update assumptions, not chase headlines.

Delivered by email. Pro memeber get real-time access and the full archive.

No cadence. Only material change.