Final Tally for Canceled Tunnel Nearly $600 Million
Courtesy of NJ.com
Nearly $600 million was spent before New Jersey Governor Chris Christie cancelled the ARC Tunnel Project last fall. Only $22 million was spent on actually constructing the project, with the majority of funds going to engineers and consultants. The remainder was spent on real estate related costs like eminent domain suits and negotiating with property owners. Last week a deal was negotiated between New Jersey and the Federal government that limited New Jersey’s liability for the project to $95 million which will be paid in installments until 2014.
The idea of a new tunnel has been around since the 1920’s. Serious investigations into making the ARC project a reality began in the 1990’s, and a new Amtrak project was discussed last fall after the ARC project was cancelled.
For more on this story from The Record, click here.
For more media coverage on the Amtrak Gateway project, please see the following:
Plan for $13.5B NJ-NY rail link (New York Post)
For previous blog posts on the cancelled ARC Tunnel project, please see the following:
ARC Tunnel Costs Continue to Mount
Governor Christie Kills ARC Tunnel Project, Again
Arc Tunnel: Back From the Dead?
The author wishes to acknowledge the assistance of Cory K. Kestner, Esq., of McKirdy & Riskin, PA, in the preparation of this article.
Related articles
- N.J., feds settle bill for canceled ARC tunnel for $95M (nj.com)
- N.J. Turnpike Authority to redirect $1.25B from scrapped ARC tunnel to local road, bridge projects (nj.com)
- New Jersey to Reimburse U.S. for $95 Million of Tunnel Money (businessweek.com)
- Calls For Second Tunnel Grow After Third NJ Transit Service Disruption This Week (newyork.cbslocal.com)
