NJ Owes 271 Million to Feds for Cancelled ARC Tunnel

By Adrienne Supino
The Federal Transit Administration in Washington has presented a bill for 271 million dollars plus interest and penalty charges to New Jersey Transit to compensate for the money they invested in the cancelled ARC Tunnel project.  Governor Christie cited cost overruns as the reason for cancelling the largest public works project in the nation.  Now funds that were invested by the federal government need to be repaid. An audit of how the money was spent is also being launched.

Vodpod videos no longer available.


Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google+ photo

You are commenting using your Google+ account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )


Connecting to %s