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ACS subsidiaries Schiavone and Dragados affected by suspension of work on New York-New Jersey railway tunnel

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Posted By: The Corner 9th February 2026

Link Securities | The public entity promoting the construction of a rail tunnel between New York and New Jersey (Gateway Development Commission or GDC) has halted the project after the Trump administration blocked federal funds earmarked for the work, the newspaper Expansión reports today. One of the many contracts included in this project is currently being executed by two ACS subsidiaries (Schiavone and Dragados). Specifically, it involves the construction of two 1.6-kilometre twin tunnels for around €400 million.

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The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.