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Transfer of Fundsapproved

nj-transit-board-meeting-agenda-august-28-2025_e29.pdf

NJ TRANSIT funds transfer for Hudson Yards project

$34,635,000Department of TransportationGATEWAY DEVELOPMENT COMMISSIONAugust 28, 2025

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Description

NJ TRANSIT to transfer $34.635 million to the Gateway Development Commission, satisfying the 2025 payment of New Jersey's share of costs for the Hudson Yards Concrete Casing (HYCC-3) project, which aims to complete the third segment by November 2026 at a total cost of $692.7 million.

Contract Details

Contract Amount

$34,635,000

Vendor

GATEWAY DEVELOPMENT COMMISSION

Agency

Department of Transportation, NJ

Contract Type

Transfer of Funds

Document Date

August 28, 2025

Contract Term

NA

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