$3B for Historic Mass Transit Tunnel
NEWARK, N.J. — Gov. Jon S. Corzine welcomed U.S. Transportation Secretary Ray LaHood’s $650 million “down payment” toward a federal funding commitment of $3 billion for the historic Mass Transit Tunnel. LaHood and Federal Transit Administrator Peter Rogoff have notified Congress of the agency’s approval of a $1.35 billion Early Systems Work Agreement for the Access to the Region’s Core (ARC) Mass Transit Tunnel, money that will support the transit tunnel’s initial phases of construction. Some $650 million of the $1.35 billion in the agreement is from federal sources, including $130 million in stimulus funds under the American Reinvestment and