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NJ Transit approves settlement for state to repay FTA for Hudson River ARC tunnel money
NJ Transit board members officially signed off on a settlement with the Federal Transit Administration to repay $95 million of the $271 million advanced to the agency for work on the canceled second Hudson River tunnel project.
The board voted unanimously on the pact at a special telephone meeting of the board of directors Tuesday morning. State and federal officials announced the settlement last Friday afternoon. (Higgs, Gannett)
