On the recordJuly 18, 2003
I must say that it concerns me a great deal that there are two States out of three which are affected here that are very much concerned about going ahead with this project at this time. New Jersey is in adamant opposition to it, has been from the beginning. The gentleman from New Jersey (Mr. Andrews) has done a wonderful job of requesting additional economic studies. GAO looked at this and found that the cost ratios are not $1.18, but 49 to 50 cents on the dollar. That is highly inefficient for going ahead with a project such as this. We in Delaware have still not given approval to this, either for economic or environmental reasons. There is a great deal of opposition in Delaware as well. We do not have anyone other than the port of Wilmington who believes that they may benefit from this. The oil companies who are involved in this, and there are six of them, I believe, along the Delaware River north of Delaware who would benefit from it, have not been willing to show any evidence of expanding their channels.
Source
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