New Jersey Tunnel Funding –

New Jersey Governor Chris Christie has indicated that the state will not return the $271 million in commuter rail tunnel funding to the federal government.  Recently, the Federal Transit Administration has added a fee for holding the funds that could amount to $2.71 million per year.  New Jersey cancelled the commuter rail tunnel project due to expected cost overruns. 

To read a related Bloomberg article, please click here:

Jim Sutliff

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