THE GATEWAY PROGRAM OVERVIEW AND UPDATE

February 2018

Amtrak Corporate Planning

Marie Corrado

Amtrak Sr. Director – Gateway Program

2 | 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

3 | Amtrak Corporate Planning

TUNNEL CLOSURE SCENARIO

4 | Amtrak Corporate Planning

HISTORIC GROWTH OF PENN STATION NEW YORK

Train and passenger volumes have doubled since 1976More than 650,000 subway, commuter and intercity passengers daily

156268 267

358

554 581147

274

456

0

200

400

600

800

1000

1200

1400

1976 2001 2016

NJ Transit

LIRR

Amtrak

Weekday Train Movements

1976- 2016

5 | Amtrak Corporate Planning

GATEWAY: A PROGRAM OF PROJECTS

6 | Amtrak Corporate Planning

PROJECTS TO ADDRESS IMMEDIATE NEEDS

Hudson Tunnel Project

Portal North Bridge

7 | Amtrak Corporate Planning

BUILDING FOR THE FUTURE

–CapacityPortal South Bridge

Secaucus Station Expansion

Bergen Loop

NJ Rail Yard - Site TBD

Penn Station Expansion

Sawtooth Bridge Replacement

8 | 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.

9 | Amtrak Corporate Planning

• 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

• 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.

PORTAL NORTH BRIDGE PROJECT

Portal Bridge rotates open for river traffic

Rendering of the new bridge – a high-level fixed span

10 | Amtrak Corporate Planning

HUDSON YARDS CONCRETE CASING

11 | Amtrak Corporate Planning

HUDSON YARDS CONCRETE CASING: SECTION 3

12 | Amtrak Corporate Planning

HUDSON YARDS CONCRETE CASING: SECTION 3

Section 1

Construction Complete

$185m – Sandy Relief

Section 2

Construction Complete

$50m – Sandy Relief

$5.5m – NJ TRANSIT

$5.5m – LIRR

$5.5m – Amtrak

Section 3

$25m for Early Work

(Amtrak/Port Authority)

Fully permitted & designed

Add’l Funding Needed

13 | Amtrak Corporate Planning

HUDSON YARDS CONCRETE CASING

14 | Amtrak Corporate Planning

HUDSON TUNNEL PROJECT ALIGNMENT

» Preferred alignment makes use of Access to the Region’s Core (ARC) engineering in New Jersey.

15 | Amtrak Corporate Planning

• 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.

HUDSON TUNNEL PROJECT UPDATE

16 | 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

17 | 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

18 | Amtrak Corporate Planning

THANK YOU!

More info/resources at:

nec.amtrak.comwww.gatewayprogram.orgwww.hudsontunnelproject.com