Trump’s infrastructure plan may include $26B+ for NYC’s Gateway Project and Second Avenue Subway
Reporters at McClatchy obtained documents that the Trump transition team provided to the National Governor’s Association detailing 50 projects across the country that would take priority under the President’s proposed $1 trillion infrastructure plan, and among them are two NYC-based projects. The Gateway Project, which would repair the aging and Sandy-damaged Hudson River rail tunnels and build a new one, would cost $12 billion and create 34,000 jobs. Phases two and three of the Second Avenue Subway would cost $14.2 billion and create 16,000 direct jobs.
As 6sqft reported last week, Trump tapped two big-time New York real estate developers to head up his new infrastructure council. Richard LeFrak and Vornado’s Steven Roth will oversee the $1 trillion plan, which has been outlined “not just as a means to repair and build bridges and roads, but as a real estate platform for private entities to build and subsequently own public works such as schools, hospitals, or energy pipeline expansions through $137 billion in tax credits.”
Though members from Trump’s camp deny its authenticity, the preliminary $137.5 billion list of spending is titled “Emergency & National Security Projects.” It includes other urban transportation projects such as an $8.7 billion expansion and rehab of DC’s Union Station, the $5.6 billion Maryland Purple Line that will connect several transit systems in the DC/Maryland area, $8 billion towards repairing 15 bridges on I-95 near Philadelphia, the $12 billion Texas Central Railway, and a $3 billion expansion of Boston’s MBTA Green Line.
Separately, Senate Democrats unveiled their own $1 trillion infrastructure plan. Led by Chuck Schumer, their proposal also includes the Gateway Project and Second Avenue Subway. According to the Times, the 10-year plan is broken down as follows: $180 billion to rail and bus systems; $65 billion to ports, airports and waterways; $110 billion for water and sewer systems; $100 billion for energy infrastructure; and $20 billion for public and tribal lands. Unlike Trump’s public-private model, the Democratic plan calls for direct federal funding.
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