Newscast Media TRENTON, N.J. — New Jersey Gov. Chris Christie on Thursday canceled a train tunnel project connecting New Jersey and Manhattan, saying he state can’t afford to pay for cost overruns on the underway project. The project was 20 years in the making.
At a news conference Thursday, Christie said: “I can’t put taxpayers on a never-ending hook.”
Construction on the tunnel began last year and was scheduled to be completed in 2018. The largest federal transportation project in the country, it was expected to double train traffic in and out of New York City during peak commute times.
But over the years, the cost for the tunnel has also nearly doubled as well. It started at $5 billion in 2005 and grew to $8.7 billion by 2008. In recent months, Federal Transit Administrator Peter Rogoff has made public statements that put the price tag between $9 billion and $10 billion.
Christie canceled the project to use the money to pay the nearly broke Transportation Trust Fund and has refused to raise the state’s gas tax, which is among the lowest in the country, so he can replenish the fund. http://newscastmedia.com/tunnel-project.htm