EIS and Estimated Costs
The estimated cost of the project is $900 million. Approximately $40 million has been allocated to the project, which was expected to begin in 2012 and be completed in 2015 and projected to have an estimated 24,000 passengers daily. Nearly three years after its submission, the Federal Transit Administration authorized the release of a draft environmental impact statement (DEIS) in December 2011.
A February 2012 review of the DEIS by the Environmental Protection Agency found a "lack of objections" but questioned the implementation of wetlands mitigation banking proposal and the grade separation outline within the document.
In a meeting held September 2012 with NJT and 13 mayors from the region, NJT said that it had yet to complete review of responses to the DEIS and that no funding for the project had been identified.
With the compromise to build the northern terminus between those originally proposed, the project can be advanced with the completion of a final environmental impact statement.
Read more about this topic: Northern Branch Corridor Project
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