Post-Sandy Costs Keep Rising For NJ TRANSIT
NEWARK, N.J. (CBSNewYork/AP) - The costs continue to mount for New Jersey Transit in the wake of Superstorm Sandy.
At its monthly board meeting Wednesday, the agency approved paying another $28 million to a Canadian company to repair locomotives damaged when the rail yard where they were housed was flooded in late October.
NJ TRANSIT signed a five-year, $71 million deal with Bombardier of Montreal in 2008. The $28 million would span an additional three years and cover the cost of parts, supplies and engineering support to repair 11 dual power locomotives damaged by the storm.
NJ TRANSIT's board also approved paying another $8.5 million to several engineering and consulting companies already engaged in post-Sandy projects.
The agency says it expects insurance and federal funds to pay for most of the additional outlays.
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