Gov Chris Scissorhands shreds commuter rail tunnel project in New Jersey

[marmar]

Oct. 7 (Bloomberg) -- New Jersey Governor Chris Christie canceled a planned commuter-rail tunnel to New York, saying the initial $8.7 billion cost might have reached $14 billion.

The state will “immediately begin an expeditious and orderly shutdown of the project,” Christie said in a statement today. The decision comes less than a month after the governor halted work on the tunnel, called ARC or Access to the Region’s Core, to assess its cost.

“I will not allow taxpayers to fund projects that run over budget with no clear way of how these costs will be paid for,” Christie, a first-term Republican, said in the statement. “The ARC project costs far more than New Jersey taxpayers can afford and the only prudent move is to end this project.”

The 8.8-mile (14.2-kilometer) conduit under the Hudson River was meant to double the number of commuter trains that can travel to New York during peak times. Work on the tunnel began last year and was projected to create 6,000 construction jobs a year for a decade. ..........(more)

The complete piece is at: http://noir.bloomberg.com/apps/news?pid=20601087&sid=aKbaM13lCmkw&pos=9

[EC]

1. Myopic

son of a bitch...If past Governors and Presidents were like him - nothing would have been built and we'd still be on dirt roads and using wells...I swear these guys are dense...

[ProSense]

2. Krugman has a series

of post up on this issue.

[GSLevel9]

3. but... give the guy credit.

If a Democrat had the BALLS this guys did, we'd have single payer and no soldiers in the ME.