NJ Transit OKs $95M Deal With Feds Over Canceled Tunnel

Law360, New York (October 5, 2011, 3:21 PM EDT) -- The New Jersey Transit on Tuesday approved a $95 million payout to settle a dispute with the Federal Transit Administration over New Jersey Gov. Chris Christie's decision to scrap a project to build a new Hudson River tunnel to Manhattan.

The U.S. Department of Transportation demanded in May that New Jersey pay back $271 million the U.S. had already spent on the tunnel project, a multibillion-dollar joint endeavor that aimed to double the number of trains between New York and New Jersey each day.

Christie has...
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