Share this page with your friends:

Print

Please note: The Frank Talk articles listed below contain historical material. The data provided was current at the time of publication. For current information regarding any of the funds mentioned in these presentations, please visit the appropriate fund performance page.

New Jersey’s ARC de Triomphe

June 11, 2009

The Obama administration is looking toward infrastructure as a way to kickstart the U.S. economy, so this week’s start to the nation’s largest mass transit project is a significant event.

The $8.7 billion Access to the Region’s Core Project (known as the ARC) will connect New York and New Jersey via a new tunnel under the Hudson River. Transit agencies in the two states are putting up about two-thirds of the construction money, with the federal government providing the rest. Construction is scheduled to finished by 2017.

An expansion project of ARC’s magnitude is long overdue. The existing tunnel was built a century ago and was never intended for commuter use. Meanwhile, New Jersey’s rail ridership has quadrupled since 1984 to 44 million trips annually.

The system is so strained that one five minute train disruption during peak time can delay up to 15 trains and affect more than 10,000 passengers, according to ArcTunnel.com.

 Doubling Rail Capacity 061109

The ARC project is expected to create 3,000 jobs on each side of the Hudson and produce an additional $660 million annually in economic benefit for the region.  There’s also an environmental upside, as access to more trains is projected to reduce auto traffic and emissions.

09-410

Net Asset Value
as of 09/20/2019

Global Resources Fund PSPFX $4.46 No Change Gold and Precious Metals Fund USERX $8.94 0.16 World Precious Minerals Fund UNWPX $3.27 0.05 China Region Fund USCOX $8.40 -0.11 Emerging Europe Fund EUROX $7.05 -0.03 All American Equity Fund GBTFX $24.81 -0.14 Holmes Macro Trends Fund MEGAX $16.91 -0.13 Near-Term Tax Free Fund NEARX $2.22 No Change U.S. Government Securities Ultra-Short Bond Fund UGSDX $2.00 No Change