President Joe Biden plans to visit New York City next week to tout funding from the 2021 bipartisan infrastructure law for the Hudson River train tunnel project, the White House said Monday.

Senate Majority Leader Chuck Schumer said in a statement he invited the president to come to New York.

"The new Gateway rail tunnel is vital to New York, New Jersey, and the entire northeast. It has been a passion of mine for a decade," Schumer said. "Now that we have an administration that is fully on board with Gateway, it is all systems go.

The project would repair an existing tunnel and build a new one for Amtrak and NJ Transit commuter lines between New Jersey and Manhattan. The federal government, New York, and New Jersey will split the estimated price tag of $16.1 billion. Federal funding will pay for half, while the two states will put up 25% each.

The tunnel in need of repair is 112 years old and was damaged during Hurricane Sandy.

Construction is slated to begin in 2024 and be completed by 2038.

The project — which is part of the larger Gateway Program improvements to the train lines that connect cities between Washington, D.C. and Boston — will be funded in part out of a pool of $46 billion set aside for Amtrak and Northeast Corridor improvements, according to numbers released by New Jersey Rep. Mikie Sherill's office after the infrastructure bill passed.

Biden's trip to highlight his economic agenda comes as he is considering a run for re-election in 2024, as well as at a time he has found himself at odds with New York City officials over the arrival of migrants in the city from southern states.

Mayor Eric Adams has repeatedly called on the federal government to provide more help to the city as tens of thousands of asylum seekers have arrived in the last year.