Five teams have prequalified to bid the third and final contract, estimated at $500 million, that is part of an $8.7-billion rail link under the Hudson River between New Jersey and Manhattan. The contract, to be awarded next fall, will involve building 14,600 feet of soft-ground tunnels that run 110 feet under the river.
There are some new names on the list that hadn’t bid the project’s previous two hard-rock tunneling contracts on either side of the river. Both of those were recently awarded.