▁for ▁a ▁new ▁Trans - H ud son ▁tunnel , ▁the ▁Gate way ▁Program ▁was ▁un ve iled ▁on ▁February ▁ 7 , ▁ 2 0 1 1 , ▁by ▁Am tra k ▁CE O ▁Joseph ▁Board man ▁and ▁New ▁Jersey ▁Sen ators ▁Men ende z ▁and ▁Frank ▁La uten berg . ▁The ▁announ cement ▁also ▁included ▁end ors ements ▁from ▁New ▁York ▁Senator ▁Charles ▁Sch umer ▁and ▁Am tra k ' s ▁Board ▁of ▁Direct ors . ▁Official s ▁said ▁Am tra k ▁would ▁take ▁the ▁lead ▁in ▁seeking ▁finan cing ; ▁a ▁list ▁of ▁potential ▁sources ▁included ▁the ▁states ▁of ▁New ▁York ▁and ▁New ▁Jersey , ▁the ▁City ▁of ▁New ▁York , ▁the ▁P AN Y N J , ▁and ▁the ▁M TA ▁as ▁well ▁as ▁private ▁invest ors . ▁ ▁As ▁of ▁ 2 0 1 7 , ▁the ▁Gate way ▁Program ▁is ▁expected ▁to ▁cost ▁$ 1 2 . 9 ▁billion . ▁ ▁In ▁October ▁ 2 0 1 2 , ▁a ▁year ▁after ▁the ▁Gate way ▁Program ▁was ▁announced , ▁the ▁North ▁River ▁T ub es ▁were ▁in und ated ▁by ▁se aw ater ▁from ▁H urr icane ▁Sand y , ▁mark ing ▁the ▁first ▁time ▁in ▁the ▁tunnel ' s ▁history ▁that ▁both ▁tub es ▁had ▁been ▁completely ▁flo oded . ▁The ▁sur ge ▁dam aged ▁overhead ▁w ires , ▁elect rical ▁systems , ▁concrete ▁ben ch ▁walls , ▁and ▁d rain age ▁systems . ▁As ▁a ▁result ▁of ▁the ▁storm ▁damage ▁and ▁the ▁t unn els