CSX Transportation, the
State of New Jersey and the Port Authority of New York and New Jersey joined
U.S. Senator Robert Menendez (D-N.J.) to celebrate the opening of the Liberty
Corridor Freightway, a major public-private partnership that provides expanded
access to the Port of New York and New Jersey.
New Jersey Governor Chris
Christie accepted the recommendation of the ARC Project Executive Committee to
terminate the ARC Project based on a 30-day review, which confirmed the project
is expected to substantially exceed its current budget. Based on calculations
by the Federal Transit Administration and the New Jersey Transit (NJ Transit),
the final budget is expected to top $11 billion and could exceed as much as $14
billion, compared to the project's current budget of $8.7 billion.