Tuesday, March 01, 2005

Minding The Cost Of Boston's Big Dig (washingtonpost.com)

Holding the costs to just $14.6 billion is a big step in Boston. The "Big Dig" -- a nearly 20 year project to bury Boston's central artery -- has been plagued with missed deadlines and cost overruns on its way to setting record as one of America's most expensive public works projects.

Still under construction it was supposed to be finished two years ago. And the costs are nearly $12.5 billion over the original $2.5 billion estimate.

Getting Your Money Back

US taxpayers poured nearly $8.5 billion into this hole in the ground. There's an effort to get some mispent money back. But count the returned money in the millions -- a fraction of the huge cost overruns. And it could be a losing effort. The last time the government tried to get concessions from contractors they only got $4 million -- after spending $8 million on the effort. (WashPost)

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