NJ Transit took $297M loss on scrapped tunnel
(AP) - An audit shows NJ Transit took a $297million loss after Gov. Chris Christie scrapped the Hudson Riverrail tunnel project in 2010.
NJ Transit spokesman Paul Wyckoff tells The Record newspaper the$297 million mostly represents engineering and design work,payments to contractors and various other items.
Christie feared cost overruns when he canceled the project. Thenew tunnel would have been able to handle an extra 25 NJ Transitcommuter trains per hour during peak periods.
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