Gateway Program hires expert in public-private finance

August 11, 2017

New York train tunnel project hires expert in public-private finance

By Hilary Russ, Reuters; August 10, 2017

NEWARK, N.J. (Reuters) – The Gateway Program, which includes building a new tunnel underneath New York’s Hudson River, has hired a private financing expert from French bank Societe Generale as interim chief financial officer, the program said on Thursday.

Gateway Program Development Corporation trustees said at a board meeting that Francis Sacr, who headed Societe’s (SOGN.PA) infrastructure finance team for the Americas, will oversee financing for the $24 billion joint effort between national rail company Amtrak, New Jersey and New York to improve a critical train traffic chokepoint on Amtrak’s Northeast Corridor.

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