Group to Release Study on New Rail Tunnel

Thursday, Oct 14, 2010  |  Updated 11:13 AM EDT
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Group to Release Study on New Rail Tunnel

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U.S. Sen. Frank Lautenberg has met with a major financial firm to discuss private funding to help a multi-billion-dollar rail tunnel between New Jersey and New York City stay on track.

Lautenberg spokesman Caley Gray confirmed the discussions but provided no other details.

New Jersey Gov. Chris Christie killed the project because of cost overruns. But the Republican gave it a two-week reprieve after meeting with U.S. Transportation Secretary Ray LaHood on Friday.

Christie indicated the project will remain dead unless the financial terms change.

Lautenberg helped secure $3 billion in federal funding for the tunnel. The Democrat and a transportation group plan to release a new study on the tunnel Thursday in Newark.

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