Earlier quoted context omitted.
To me, $6 billion seems really cheap for a project that seems pretty vital to the city's long term health, safety and security. Compare this to the ~$10 billion for the California High Speed Rail project, which doesn't seem nearly as important as this NYC project.
Having lived the last 2 years in NYC and the previous 7 in CA I can say that high speed rail is the more valuable project. The water here is fine, and no one is suffering because there isn't a 3rd tunnel. But the transportation situation in California is archaic and frustrating. Have you ever been trapped in traffic on the grapevine for 4 hours trying to get to/from LA? Or shelled out $300 for an hour flight to SFO?…
A rail system is well and good, but you can at least take a car or bus if you need to. If your water infrastructure stops working, there aren't many other games in town.