April 12, 2012
Executive director Jim Weinstein said that the project was terminated based on a recommendation from a committee — headed by him — because New Jersey couldn’t afford it.
January 20, 2011
FTA grants third extension for agency to pay $271 million debt for the canceled rail project.
April 15, 2010
Reaffirms the administration’s intent to enter into a full funding grant agreement to provide $3 billion in discretionary FTA New Starts funds for the $8.7 billion project.
June 8, 2009
The agency will make a “down payment” toward an eventual commitment of $3 billion by approving a $1.35 billion Early Systems Work Agreement (ESWA). The project will allow NJ Transit to double rail service capacity into Manhattan.
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