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...
To view the full article, register now.
Law360 Pro Say Podcast
Check out Law360's new podcast, Pro Say, which offers a weekly recap of both the biggest stories and hidden gems from the world of law.