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Results Chart for Delivery Method and Financing
From Public (Government) Sources to Producers: The project will be funded from government sources - MTA, the State of New York. Portions of the project include refurbishment of existing Amtrak ROW and bridges. The MOU provides for a mechanism through which the costs of replacing or refurbishing these assets will be split with Amtrak on the basis of usage.
Direct Cash Support: $695 Million is already budgeted, and funded in existing MTA's capital program. This includes $250 in NY State commitments. The project is expected to cost over $1B for design and construction. Long term operating costs, including repair and maintenance is not included in these estimates.