MAGNY

Topic: An Inside Look at the Country's Largest Public Works Project with Gateway Development Commission CFO Pat McCoy

Date: Wednesday, September 18, 2024

Times:
• In Person: 11:30 - 1:30 pm ET (lunch and networking prior to program)
• Zoom Meeting Time: 12:30 - 1:30 pm ET

Location:
• New York City Bar Association, 42 West 44th Street, NYC, OR
• Zoom webinar

A Zoom recording of this program will be available for one week for everyone who registers in advance.

Details:

The Gateway Program’s $16 billion Hudson Tunnel Project is the country's largest and arguably most important public works project currently underway. This long-delayed initiative will build a new two-track tunnel under the Hudson River and rehabilitate an existing tunnel. In July 2024, the project received final federal approval, securing a $6.9 billion federal grant—the largest ever issued to a mass transit project.

Early construction work has begun on both sides of the river, with the new tunnel expected to be completed by 2035. This complex project involves collaboration between the states of New York and New Jersey, the federal Department of Transportation, and Amtrak. It will significantly improve the reliability, resiliency, and redundancy of the Northeast Corridor, the nation's most heavily used rail line.

Please join us for a fireside chat with Pat McCoy, Chief Financial Officer of the Gateway Development Commission (GDC) and a longtime New York public finance veteran. Pat joined the GDC in February 2023 after managing debt issuance at the Metropolitan Transportation Authority (MTA) for two decades. The GDC is a public authority created in July 2019 by the states of New York and New Jersey to oversee the planning and financing of Phase 1 of the Gateway Program.

This event is open to the press.

Moderator:
Tammy Gamerman
Director, Fitch Ratings

Cost:

MAGNY and other NFMA Members:
$55 Zoom
$75 In-Person

Non-Members:
$80 Zoom
$100 In-Person

CLICK HERE TO REGISTER

Questions? Contact [email protected].