New Jersey Gov. Chris ­Christie Wednesday ended an $8.7 billion mass-transit tunnel project and rejected U.S. Secretary of Transportation Ray LaHood’s financing suggestions that would have addressed potential cost overruns on the nation’s largest public transportation project.

Christie said New Jersey cannot afford to take on cost overruns that the federal government estimates to be between $1.1 billion and $4 billion. The project, called the Access to the Region’s Core, would also require the state to spend $775 million to construct the new Portal Bridge South, a part of the ARC project.

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