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Bloomberg

NY, Trump admin in talks on resuming paused rail funds

Bloomberg · Just In
Bloomberg
Bloomberg
Just In

After threatening to put a hold on $18 billion in infrastructure funding for New York back in October, the Trump administration has restarted discussions with local officials on whether the projects now comply with new rules on diversity.

Breakdown
  • Two major NYC transit projects are ongoing: a new rail tunnel and subway extension
  • $18 billion in federal funds was paused in October, but construction continued 49s
  • Federal review aims to ensure compliance with new contract rules 1m 4s
  • MTA and Gateway must not give special priority to women- or minority-owned firms 1m 26s
  • Transit agencies say they can comply with new rules without halting work 2m 4s