"Having the two largest cities in California split from most of the rest of Metropolitan is not in the best interests of Metropolitan". L.A. and San Diego's concerns about the tunnel financing are not new.
Much press coverage of the new report focuses, understandably, on the evidence that Mr. Christie made false statements about the tunnel's financing and cost.
The builder is the Norwegian National Rail Administration, and construction of the tunnel is financed through state funding, with the project costing NOK 635 million.
That $260-million conversion could bring in at least $14 million in revenue during the first year of operation, which could help finance tunnel construction, according to a Metro analysis conducted earlier this year.
Bereft of revenues from tunnel imports that financed its 35,000-strong army and civil service, Hamas has proposed a second tier of VAT on goods from Israel.
The tunnel would be financed by raising equity ($1 billionn so far) and commitments from banks in the form of loans ($5 billionn).
THE $10 billion plan to charge motorists $25 each way to drive 100 feet below Long Island Sound in a privately financed tunnel linking Long Island and Westchester is, at best, nearly two decades from becoming reality.
Under that scenario, WaterFix would move ahead in stages, with a second tunnel built when financing materialized.
But private and county money eventually financed a tunnel.
