Robert Besser
16 Mar 2023, 23:05 GMT+10
NEW YORK CITY, New York: New York Governor Kathy Hochul has announced that after a study found the costs of a proposed light train had risen over budget, the state will cancel the project, which would have connected to the city's LaGuardia Airport.
Instead, the study proposed upgrading the current bus service.
The project, backed by previous governor Andrew Cuomo, was put on hold by Hochul in late 2021 and was estimated to then cost $2.1 billion, though it has now risen to least $2.4 billion.
Hochul said she was grateful an expert panel provided "a clear, cost-effective path forward with an emissions-free transit solution."
To start the process to fund improvements to the bus service, the Port Authority will file a planning authorization request with the board for approval in the next 60 to 90 days.
In a 450-page report, the panel said the Port Authority should instead improve existing municipal bus services and add new non-stop airport shuttle service and dedicated bus lanes.
The report estimated the expanded bus service to cost under $500 million, compared to $2.4 billion for the light train project, which would have taken six to seven years to complete.
Connecting the airport by subway would also cost some $6.2 billion and take around 12 years to finish.
Get a daily dose of Broadcast Communications news through our daily email, its complimentary and keeps you fully up to date with world and business news as well.
Publish news of your business, community or sports group, personnel appointments, major event and more by submitting a news release to Broadcast Communications.
More InformationNEW YORK, New York - U.S. stocks finished the third quarter with a bang on Friday. Despite a volatile start, ...
CUPERTINO, California: In a move aimed at disrupting the fintech sector dominated by Affirm Holdings and Sweden's Klarna, this week ...
BURBANK, California: Walt Disney has begun its planned lay off of 7,000 staff, which was announced earlier this year.A letter ...
NEW YORK CITY, New York: A study published this week reported that China spent $240 billion between 2008 and 2021 ...
NEW YORK, New York - U.S. stocks posted a decent rally on Thursday with all the major indices making good ...
FREMONT, California: Neuralink, Elon Musk's brain implant company, has approached the Barrow Neurological Institute, one of the largest US neurosurgery ...
New Delhi/Kolkata [India], April 1 (ANI): The BJP and Trinamool Congress engaged in a war of words on Friday over ...
New Delhi [India], March 31 (ANI): The Telecom Regulatory Authority of India (TRAI) on Friday issued its recommendations on "Promoting ...
New Delhi [India], March 31 (ANI): Under sharp attack from the BJP, the Congress on Thursday sought to distance itself ...
Mumbai (Maharashtra) [India], March 30 (ANI): Actress Mahhi Vij has revealed she tested positive for COVID-19. On Thursday, she took ...
New Delhi [India], March 30 (ANI): The Pakistan government's official Twitter account has been withheld in India. When anyone tries ...
Sydney - One of Australia's biggest property companies said Wednesday it had been hit by cybercriminals who may have stolen ...