
The agency authorized spending $35 million ,which would be matched by $35 million from Amtrak to fund the preliminary planning and environmental review for the project, known as the Gateway tunnel.
The new rail connection known as the Bergen Loop would connect NJ Transit’s Main-Bergen and Pascack Valley train lines directly to the Northeast Corridor line, bypassing Secaucus Junction and delivering commuters to New York Penn Station.
That means no more ferry rides, PATH trains or transfers in Hoboken or Secaucus. Proponents claim direct train service will increase the value of North Jersey real estate by billions of dollars.