Three construction efforts are critical to New York City's future, Mayor Michael Bloomberg said in his State of the City speech Sunday. They are the ongoing building of a $6 billion water tunnel, the second phase of which will be finished by year's end; rebuilding infrastructure damaged by Hurricane Sandy; and opening several new schools. The work will not only create jobs but will allow the city to "build back stronger. We will build back safer. We will build back more sustainably. But we'll build back here," Bloomberg said.