New Jersey state officials are currently negotiating with a group of 20 insurance companies to reclaim $161.9 million that was paid to insure the Hudson River tunnel project. The transportation project, initially budgeted at $8.7 billion, was shut down by New Jersey Governor Chris Christie in October 2010 when the governor determined that the state could not afford the escalating costs of the project. The amount state officials are seeking to reclaim from insurers represented full payment of the premium and was negotiated under a prepaid insurance package in an effort to insulate against potential price increases. The New Jersey Transit, which co-managed the project with the Port Authority of New York and New Jersey and the Federal Transit Administration, has received a public record request to disclose all insurance contracts connected with the project, including contracts with brokers and consultants. The New Jersey Transit has not yet disclosed these documents, indicating that it will need time to review the paperwork.