Governor Kathy Hochul today announced $121.6 million in state funding is available through the Passenger and Freight Rail Assistance Program. This program funds rail and port projects across the state, boosting New York’s trade corridors and its position as a global commerce destination, while enhancing safety. Applications will be accepted through October 6, 2023.

“Sustained commerce is the lifeblood for our regional and state economy, and investing in our trade routes ensures that New York State can remain competitive on a national and global scale,” Governor Hochul said. “I urge anyone with qualifying projects to apply for this funding because modernizing our freight rail and port infrastructure is crucial - not just for the many businesses who depend on safe, reliable commerce routes - but for the quality of life of New Yorkers.”

The Passenger and Freight Rail Assistance Program is administered by the New York State Department of Transportation. Winning projects will be selected through a competitive solicitation process and rated based on established criteria that include a benefit cost analysis, adherence to regional economic development plans, safety enhancements, compatibility with other private and public investments, and actions that enhance resilience and reduce climate risk.

Read More at The Official Website of New York State

Officially supported by the Mayor of New York, New York Build is the largest construction, design and real estate show for New York. Now in it's seventh year, your ticket gives you access to 350+ expert speakers, 300+ exhibitors, 30,000+ attendees, 12 conference tracks and AIA CES approved workshops, networking parties, entertainment, live music, and endless networking opportunities with leading architects, developers, housebuilders, contractors, government and more.