NJ Transit withholds PTC project costs, citing "trade secret"
(Source: Bloomberg, August 5, 2019)
NEWARK, N.J. ó New Jersey Transit is withholding the growing cost of one of its biggest-ever capital projects, an emergency rail-braking system ordered by Congress. In 2017, the so-called positive train control system had a cost of at least $320 million, more than double what was forecast in 2011. Itís not clear how much more has been spent, as NJ Transit redacted dollar figures from contracts released last week to Bloomberg under a public records request.
Full story: Bloomberg
Wednesday, August 7, 2019
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