future and that it could create thousands of jobs in new jersey. david lee miller is live in lovely newark, new jersey today, and david, it sounds like the remarkable feat of engineering. what more do we know about this project? >> reporter: well, martha about in two year's time when extension of the panama canal is complete the giant mega ships, cargo ships will make tear way up the east coast. in order to use the ports of new york and new jersey they have to pass under that bridge over my right shoulder off in the distance. it was pwultd in 1931. you can see its magnificent arch, a historic bridge and incredible structure. we have animation to illustrate this. the bridge is now 151 feet above the water. they are going to build a second deck that is going to be 215 feet above the water. it's going to cost about, one, b with a billion dollars. they expect the project to get underway in early 2013, it will take about three years.