Biden highlights $292M grant for Hudson rail tunnel

President Joe Biden on Tuesday showcased a $292 million mega grant that will be used to help build a new rail tunnel beneath the Hudson River between New York and New Jersey.

The money is part of $1.2 billion in mega grants being awarded under the 2021 infrastructure law. The Democratic president's trip to New York City on Tuesday comes on the heels of his stop Monday in Baltimore to highlight the replacement of an aging rail tunnel there, where he pledged that government spending on infrastructure will boost economic growth and create blue-collar jobs.

Joe Biden, U.S. President said "The current Hudson River Rail Tunnel can be a major chokepoint, a critical link to New York, Penn Station, the busiest train station in all of America." " this is one of the biggest the most consequential projects in the country. But it's going to take time. It's a multibillion dollar effort between the states and the federal government. But we finally have the money and we're going to get it done." The New York stop also gave Biden a chance to highlight his administration jumpstarting a project.The construction is projected to result in 72,000 jobs, according to the White House.