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New Jersey Transit recently awarded a $5 million contract to THE CM Consortium to provide project management services for the Trans-Hudson Express (THE) Tunnel project.

Under the $5 million contract, the consortium — which comprises Tishman Construction, Parsons and Arup — will manage tunnel, station, track and yard projects. The consortium also will oversee design, determine cost estimates, create a quality control plan, and develop a master project schedule for engineering, permitting and construction phases.

Currently undergoing preliminary engineering, THE Tunnel project includes two single-track tunnels running beneath the New Jersey Palisades and Hudson River to a new station beneath Manhattan’s 34th Street, which will connect to Penn Station.

Scheduled to open in 2016, the $6 billion project is being managed by NJ Transit and the Port Authority of New York and New Jersey.