N.J. May Lose Billions If Hudson Tunnel Is Canceled

TRENTON, N.J. (CBS 2) — The Hudson Rail Tunnel project may not be buried after all.

Governor Chris Christie agreed to give NJ Transit and the Transportation Department two weeks to come up with options to save the project after meeting with Transportation Secretary Ray LaHood.

Canceling the project would cost New Jersey billions in federal aide. On Thursday, Christie ended the $8.7 billion project, saying cost overruns would hurt the Garden State.

“The governor agreed to come to the table so they could finally discuss things.  Good judgment finally prevailed,” said Sen. Frank Lautenberg (D-N.J.)

The federal government might also ask for a refund of some of the $600 million already spent.

  • Harold A

    His next project will be breaking up the NJ Transit Bus Operations Divisions and selling them off to private companies. Gypsy Jitneys on the #139 Lakewood-Route 9-NYC corridor anyone?? The GOP Yuppies will love that!

  • change

    you mean you will lose money for all the promises to your friends http://www.kriegsview.com and see real facts about unemployment and 2011 new taxes and see how this goverment is pulling us down

  • SheetsM

    The tunnel sounds like a good idea, but I have no intention of using it, and have better plans for my money than to pay more taxes to fund it. Thank you, Governor.

  • Claire

    Christie is as DUMB as they come. NJ residents got what they voted for, an incompetent tough guy with little brains or foresight.

  • ignatzz

    Of COURSE we can’t build the rail tunnel! It would be USEFUL, and America doesn’t MAKE anything useful anymore.

    We can blow things up, but we can’t build them.

    What has this nation become since we followed supply-side economics?

    We USED to do GREAT public works projects that were the envy of the world.

    No more.

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