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Business Brokerage Construction of a new rail freight tunnel between Brooklyn and New Jersey could significantly reduce truck traffic in the region, according to a draft environmental study of the proposed project.

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Forex Broker A NYC Economic Development Corp. study found that the Cross Harbor Rail Freight Tunnel would ease highway congestion, improve air quality and road safety, according to Move NY, a group advocating for the project.

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Online Brokerage In addition, the study said, a new rail freight tunnel could result in economic benefits of up to $1.6 billion a year because goods would move more efficiently through the region.

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Real Estate Broker Move NY said congestion on the roads in the area is expected to double by 2020, making it increasingly difficult to transport consumer goods in the metropolitan region quickly and inexpensively.

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Agency Brokerage Spark "The New York metropolitan area faces continued gridlock, air pollution and a cap on economic growth if we do not get a handle on goods movement in the region," Richard Ravitch, co-chair of Move NY, said in a statement.

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Business Broker "This study makes it clear _ we need to build the tunnel in order to get a million trucks off the road and get our region moving again," he said.

Brokerage Account The proposed 5.5-mile rail tunnel would run from Greenville Yard in Jersey City, N.J., to the 65th Street Yard in Brooklyn and could cost between $4 billion and $7 billion, Move NY said.

Stock Broker Jersey City mayor Glenn Cunningham was critical of the study.

Brokerage Online Stock Trading "You are talking about moving trash on rail containers through our harbor into our city and we don't know what kind of hazards this might create," Cunningham said in a statement.

Broker Justin Ticket Business, labor and environmental leaders are urging lawmakers to include additional and separate funding for rail freight infrastructure projects as Congress considers reauthorization of a major six-year transportation spending bill.

Real Estate Brokerage On the Net:

Commodity Broker http://www.moveny.org/

Brokerage House www.environmentaldefense.org/go/railfreight

Real Estate Broker Exam www.crossharborstudy.org

Brokerage Services Associated Press - 5/7/2004

Topic: Trains

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