Christie Says New Jersey May Have to Cancel Tunnel
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New Jersey Governor Chris Christie said his state may be forced to cancel an $8.7 billion commuter-rail tunnel to New York after the federal government estimated the project may cost as much as $5 billion more than projected.
“I don’t have the money to pay for going $2 billion to $5 billion over budget,” Christie said today during an interview on Bloomberg Television’s “InBusiness With Margaret Brennan” in New York. “We need to examine what the real cost of that tunnel is going to be. I like the project and think it’s good for the region, but I can’t spend money I don’t have.”