Posted Oct 8, 2010, 4:41 AM
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The Time To Build Is Now
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Join Date: May 2008
Location: Bronx, NYC
Posts: 3,004
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Updated 7:31 PM
Christie Pulls Plug On Manhattan-NJ Rail Tunnel Project
By: NY1 News
http://www.ny1.com/content/news_beat...unnel-project/
Quote:
New Jersey Governor Chris Christie announced Thursday that he will not contribute towards a multi-billion-dollar commuter rail tunnel between his state and Manhattan, thereby finishing off the expensive transit project.
Current estimates put the tunnel's cost at $8.7 billion, but Christie said the Federal Transit Administration and New Jersey Transit just estimated the final cost would be between $11 billion to $14 billion.
The tunnel would have doubled the number of New Jersey Transit and Amtrak trains into Pennsylvania Station.
Last month, Christie put a 30-day stop to all work on the tunnel and began to review the project's cost.
Mayor Michael Bloomberg previously said New York City cannot afford to finance the project, as the city has higher transit priorities like extending the 7 subway line.
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Copyright © 2010 NY1 News. All rights reserved.
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