FTA Record Closes Out $271,101,291 for Cancelled ARC Hudson River Tunnel
NJ Transit and the Port Authority recorded $271,101,291 in federal funding under FTA New Starts for the cancelled ARC Hudson River Tunnel project.
NJ Transit and the Port Authority of NY & NJ recorded $271,101,291 in federal funding under the FTA Capital Investment Grant Program (New Starts) for two new Hudson River rail tunnels and a station adjacent to NY Penn Station. Backed by $4.43B in committed federal funds, including $3.0B from FTA New Starts, $1.32B from CMAQ/FHWA, and $130M from ARRA, construction began in mid-2009. Governor Christie cancelled the project on October 27, 2010, citing cost-overrun risk. Following the cancellation, USDOT demanded repayment of the $271,101,291 already drawn down. A subsequent settlement required a $95M cash repayment along with $128M redirected to DOT-approved transit projects.
Source award
NJ Transit / Port Authority of NY & NJ — $271,101,291 from FTA-NEWSTARTS, FY2010. Source
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