New report shows Hudson Tunnel Project supports $4.5 billion in economic output
The Gateway Development Commission (GDC) has published a new economic impact analysis of the Hudson Tunnel Project (HTP), finding that the work currently underway will support 20,200 direct and indirect jobs while generating $4.5 billion in economic output and $1.7 billion in labor income. The report numbers are in reference to the five construction contracts currently active on the project.
“These first five contracts will enable major construction over the next thirteen years, as GDC sets the stage for tunneling under the Hudson River and building a viaduct, fan plants, railroad bridges, and much more,” GDC stated in its report. “Current and future construction will continue to drum up business for domestic suppliers and manufacturers, generate good-paying jobs with strong benefits, and increase household income for hardworking Americans interconnected by the HTP’s broad-based opportunities.”
Related News
From Archive
- 290-mile gas pipeline expansion proposed across Georgia, Alabama and South Carolina
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Body retrieved day after fatal trench collapse at Bakersfield, Calif., job site
- $227 million Garnet Valley water project advances, set to create 73,000 jobs in Nevada
- Pasadena, Calif., undergrounding project could take 500 years to finish
- Gehl and Mustang offer world’s largest skid loader
- Growing Pains and Gains
- Authorities investigating trench collapse that killed worker in Ashburn, Va.
- City of Albuquerque halts fiber optic construction in response to damage, complaints
- Pasadena, Calif., undergrounding project could take 500 years to finish
Comments