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The Port Authority of New York and New Jersey (PANYNJ) board recently approved a plan to acquire New York City property for the Trans-Hudson Express (THE) Tunnel project.

Scheduled to open in 2016, the $6 billion project includes two new 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.

New Jersey Transit is managing the project in conjunction with PANYNJ. The authority is contributing $2 billion toward THE Tunnel, including $75 million for property acquisition.