Feds Dispute Christie's Reason For Axing $12B Hudson Tunnel

Law360, New York (April 10, 2012, 4:35 PM EDT) -- New Jersey Gov. Chris Christie's estimates of how much a planned rail tunnel under the Hudson River would cost his state were vastly overblown, federal investigators said Tuesday, poking holes in the governor's main rationale for axing the project in 2010.

New Jersey would be on the hook for just 14.4 percent of the project, not the 70 percent Christie said. And the total project cost has not grown substantially since a 2009 high-end estimate of $12.4 billion, despite Christie's projections that the final price tag...
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