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.

AP: NJ granted extension on tunnel tabLaw firm hired to fight Hudson River tunnel tabNJ to challenge feds over $271M tunnel billChristie sticks with decision to scrap tunnelGov. Christie takes time to reconsider ARC TunnelChristie delays decision on tunnelNJ senators rally support in last-ditch effort to save tunnelStudy supports new Hudson River rail tunnel Gov. Christie agrees to reconsider NJ-Manhattan rail tunnel Christie scraps plans for rail tunnel between NJ, Manhattan Gov. Christie to review rail tunnel costs Funding for rail tunnel to link NJ, NY up for debate Democratic leaders assail Gov. Christie on tunnel stoppage Amtrak considers new Hudson River tunnel

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