As appears from the foregoing statement, only parts of the improvements
contemplated in the general scheme have been completed, others are in
progress, and others have not yet been commenced. It is therefore
impossible at the present time to make a close estimate of the total
expenditure involved in the execution of the entire scheme. The
following estimate of the cost of the Pennsylvania Railroad Company's
improvements in the New York District when fully completed is based on
the best information now available:
New York Tunnel Extension and Station, including
Interchange Yards at Harrison,
N. J., and Sunnyside, L. I., P. T. & T.
R. R. Co. $100,000,000
Long Island Railroad electrification, Bay
Ridge and Atlantic Avenue improvements,
Glendale Cut-Off, freight yards,
and new equipment 35,000,000
New York Connecting Railroad, to be built
jointly by the Pennsylvania R. R. Co.
and the New York, New Haven and
Hartford R. R. Co., about 14,000,000
Pennsylvania Railroad improvements in the
State of New Jersey, electrification of
line from Jersey City to Park Place,
Newark, Greenville freight line and terminal
on New York Bay 10,000,000
------------
Total $159,000,000