(TRENTON, NJ) -- A construction project that would have linked New Jersey and New York by an underground rail tunnel has been scuttled by New Jersey Governor Chris Christie.
It’s estimated that the Hudson Rail project, the largest transportation undertaking in the nation, would have created 6,000 jobs.
However, Christie says the state is broke and can’t afford the cost of the tunnel, which he claims might cost as much as $14 billion, far more than the $8.7 billion projected price tag.
Even with the federal government and the Port Authority of New York and New Jersey pledging $6 billion toward the project, the governor said his state couldn't come up with the balance.
The tunnel was intended to double the rail capacity into New York and ease the ever-growing congestion on the roads between the two states.
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