Trump pulls brakes on $13B Obama-backed rail-tunnel plan

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An Obama-era plan to have the federal government finance half of a $13 billion rail tunnel project ran into a red light Friday from the Trump administration.

The plan, proposed under President Barack Obama in 2015, includes revitalizing a deteriorating Amtrak tunnel connecting New Jersey to New York City, repairing damage to a dual-tunnel conduit, and reconstructing the New Jersey railroad network’s aging Portal Bridge, Crain’s New York Business reported.

The original Obama-era plan called for costs to be split among New York state, New Jersey and the federal government.

But in a letter Friday, the Trump administration notified New York and New Jersey that the Obama-era deal was now “non-existent” because the states recently requested that their portions be covered by loans from the federal government — meaning Washington would supply all of the initial funding for what the Trump White House is calling “a local project.” – READ MORE

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