THE GATEWAY PROGRAM OVERVIEW AND UPDATE Marie Corrado Amtrak Sr. Director – Gateway Program February 2018 Amtrak Corporate Planning THE MOST URGENT INFRASTRUCTURE PROGRAM IN AMERICA » Busiest section of NEC is between Penn Station New York & Newark, NJ (450 trains, 200k trips/day) constrained by two-track bottleneck. » North River Tunnel, Portal Bridge & other infrastructure dates to early 1900’s » PSNY regularly operates at capacity (1,300 train movements daily on 21 tracks) » Capacity constraints + aging infrastructure = risk to 10% of U.S. GDP » Super Storm Sandy accelerated degradation of these assets 2 | Amtrak Corporate Planning TUNNEL CLOSURE SCENARIO 3 | Amtrak Corporate Planning HISTORIC GROWTH OF PENN STATION NEW YORK Weekday Train Movements 1976- 2016 1400 NJ Transit 1200 LIRR 456 1000 Amtrak 274 800 600 147 554 581 400 358 200 268 267 156 0 1976 2001 2016 Train and passenger volumes have doubled since 1976 More than 650,000 subway, commuter and intercity passengers daily 4 | Amtrak Corporate Planning GATEWAY: A PROGRAM OF PROJECTS 5 | Amtrak Corporate Planning PROJECTS TO ADDRESS IMMEDIATE NEEDS Hudson Tunnel Project Portal North Bridge 6 | Amtrak Corporate Planning BUILDING FOR THE FUTURE Penn Station Expansion Bergen Loop Secaucus Station Expansion –Capacity NJ Rail Yard - Site TBD Sawtooth Bridge Replacement Portal South Bridge 7 | Amtrak Corporate Planning GATEWAY PROGRAM FUNDING PARTNERSHIP • New York & New Jersey Governors & U.S. Senators public pronouncement of funding framework: • NY/NJ, Port Authority of NY & NJ, and GDC to fund 50% of Gateway Program. • Federal partners (Amtrak, FTA, FRA) to fund 50%. • Partners incorporated Gateway Program Development Corporation (GDC) in November 2016 in State of New Jersey as nonprofit corporation to effectuate planning, funding/financing, construction and delivery of the Gateway Program. • GDC has signed an Emerging Projects Agreement with US DOT – an important first step to unlock billions of dollars in low cost federal loans. • GDC will be borrower with debt to be paid by funding provided to GDC by local partners. 8 | Amtrak Corporate Planning PORTAL NORTH BRIDGE PROJECT • Replace century-old swing bridge over the Hackensack River in NJ with new, high-level, fixed span • Fully designed, permitted • Early work underway, funded by TIGER grant + local match • Local funding commitment in place Portal Bridge rotates open for river traffic • Port Authority to repay $284m Federal loan to Gateway Program Development Corp. • NJT & Amtrak commitments in place • Accepted into project development pipeline for FTA Core Capacity grant program • Requested entry into engineering phase in November 2017. Re-rating from FTA is pending. Rendering of the new bridge – a high-level fixed span 9 | Amtrak Corporate Planning HUDSON YARDS CONCRETE CASING 10 | Amtrak Corporate Planning HUDSON YARDS CONCRETE CASING: SECTION 3 11 | Amtrak Corporate Planning HUDSON YARDS CONCRETE CASING: SECTION 3 Section 3 $25m for Early Work (Amtrak/Port Authority) Fully permitted & designed Add’l Funding Needed Section 2 Construction Complete $50m – Sandy Relief $5.5m – NJ TRANSIT $5.5m – LIRR $5.5m – Amtrak Section 1 Construction Complete $185m – Sandy Relief 12 | Amtrak Corporate Planning HUDSON YARDS CONCRETE CASING 13 | Amtrak Corporate Planning HUDSON TUNNEL PROJECT ALIGNMENT » Preferred alignment makes use of Access to the Region’s Core (ARC) engineering in New Jersey. 14 | Amtrak Corporate Planning HUDSON TUNNEL PROJECT UPDATE • Accelerated environmental review led by NJT/FRA nearing completion • On schedule for FEIS/ROD in Spring 2018. Draft EIS published July 2017 available for download at www.hudsontunnelproject.com. Expedited process to be complete in half the time typically needed for projects of this magnitude. Preliminary Engineering led by Amtrak advancing in support of NEPA. • Financial plan in development, preliminary plan submitted as part of FTA rating package • $12.7 billion project accepted into project development pipeline for FTA New Starts grant • Port Authority 10-year Capital Plan includes $2.7 billion commitment to repay federal loans through Gateway Program Development Corporation • Request for Information issued this summer by Gateway Program Development Corp. 15 | Amtrak Corporate Planning HUDSON TUNNEL PROJECT FINANCIAL PLAN • Construction of new tunnel + rehab of existing North River Tunnel + completion of Hudson Yards Concrete Casing • $12.7 billion project cost • Local commitments to date: • $1.9 billion – NJ TRANSIT • $1.9 billion – Port Authority • $1.75 billion – State of NY • Federal share to consist of: • Amtrak • FRA, FTA and/or other federal grants • Construction start: 2019 or sooner 16 | Amtrak Corporate Planning THE GATEWAY PROGRAM WILL DELIVER… Preservation and Resiliency Replacement of century-old critical infrastructure Preservation of existing NEC service to Penn Station New York Protection from weather-related and man- made events Capacity Roughly double trans-Hudson capacity (approx. 48 trains/hr) Elimination of two-track bottleneck at busiest point on Northeast Corridor Redundancy for stable operations 17 | Amtrak Corporate Planning THANK YOU! More info/resources at: nec.amtrak.com www.gatewayprogram.org www.hudsontunnelproject.com 18 | Amtrak Corporate Planning.