NJ Transit Wants Third N.J.-N.Y. Tunnel

Cataldo, Adam L.
February 2005
Bond Buyer;2/10/2005, Vol. 351 Issue 32068, p4
Trade Publication
The article reports that New Jersey Transit Authority released a report calling for the construction of a third rail tunnel linking New Jersey and Manhattan, New York City underneath the Hudson River at an estimated cost of $4 billion to $5 billion. However, the report said that the expected cost of the project was based on 2000 dollars, and calls the authority for comment were not returned in time for deadline. The tunnel in its first 10 years of existence will help create 16,000 jobs in New Jersey, producing $4.3 billion in gross regional product.


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