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Gateway Development Commission is dividing civil works on the tunnel portion of the project from one contract into four to encourage more competitive bids.
DOE Chief Jennifer Granholm told Columbia U. summit the president is "obsessed" with project permit reform and expedited approvals—as G7 climate ministers agreed April 16 to pursue common goal of net zero through "various pathways," while still supporting natural gas development.
The original price tag was $233 million, but last month the new estimate jumped to $264 million, with TxDOT citing supply chain issues and the impact of inflation on concrete and steel prices.
Team, known as New York City Football Club, aims to complete construction in time for the 2027 season, with other redevelopment also planned in Willets Point former industrial area.
Estimated $750-million to $950-million project set to be built on an Occidental Petroleum site in Texas would remove 860,000 tons of carbon dioxide a year by capturing it and storing it underground.