The project will make a key part of the northeast energy infrastructure resilient to changes brought on by climate change, Moniz added.
"It's not just about building sea-walls, as important as that may be, or about elevating structures close to the sea," Moniz said. "It's also about building smart as we rebuild the infrastructure."
New Jersey sustained a severe blow when Sandy made landfall in late October. Power losses and fuel shortages rocked the region with gas stations unable to pump fuel without electricity.
The storm also cost New Jersey Transit an estimated $400 million, following an erroneous decision to store trains in a low-lying rail yard that was later flooded.
(Reporting by Selam Gebrekidan; Editing by Leslie Gevirtz)
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