National Railroad Passenger Corporation

The Purpose of This Award Is to Fund a FY22-23 Federal-state Partnership for Intercity Passenger Rail Northeast Corridor (fsp-nec) Grant for the East River Tunnel Rehabilitation (ERT) Project. the Project Includes Final Design and Construction to Completely Rehabilitate Lines 1 and 2 of the Ert. the Project Will Remediate Damage From Superstorm Sandy, Returning Lines 1 and 2 to a State of Good Repair and Ensuring That Passenger Trains Can Continue to Operate Safely and Efficiently Through the Tunnels.

Committed

$1.3 Billion

Paid out
$468.7M
37%
Committed, not yet paid
$793.2M
63%

How to read these numbers

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Committed vs. ceiling: Committed is what the government has legally promised on this award so far. Contracts can also carry a ceiling — the maximum if every option is exercised. Unspent ceiling is headroom, not money owed.
Paid out: The cash actually disbursed against this award. The gap from committed is the disbursement pipeline: promised, not yet cashed.
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The money bar: One bar, the award’s whole arithmetic: paid out, then committed, not yet paid, then .

Source

This award on USAspending.gov ↗

Federal grant · project grant (b)

Department of Transportation

Federal Railroad Administration

Federal-State Partnership for Intercity Passenger Rail to