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The cost overruns constituted 33% of the total expense. The budget for the bridge increased to 150%. The cost overruns exceeded the original budget by 50%. The final example is the most commonly used as it specifically describes the cost overruns exclusively whereas the other two describe the overrun as an aspect of the total expense.
Project 1956–present $425 billion 2006 $425 billion $642 billion Interstate Highway System: 1992–2006 $14.6 billion [1] [2] 1982 $8.08 billion $25.5 billion Big Dig, Boston, Massachusetts: 2000–2022 $1.4 billion [3] 2022 I-5 - SR 16 Tacoma/Pierce County HOV Program, Tacoma, Washington (Interstate 5 in Washington) 2002–2013 $6.5 billion [4]
The project was originally scheduled to be completed in 1998 [3] at an estimated cost of $2.8 billion (US$7.4 billion adjusted for inflation as of 2020). [4] However, the project was completed in December 2007 at a cost of over $8.08 billion (in 1982 dollars, $21.5 billion adjusted for inflation), a cost overrun of about 190%.
Projects that cost more than US$1 billion and attract a ... program with a billion dollar cost overrun. [8] [9 ... project under the Ministry of Road ...
The compromise called for the state to contribute $630 million to help cover the $3.6 billion in cost overruns, and bridge tolls to be raised to $4 starting in 2007. At the time of the signing, the skyway portion of the bridge was 75 percent complete and the state was beginning to prepare to put the suspension span out for new bids.
The Washington state Legislature reconvenes for the 2025 session this week and Pasco is asking lawmakers for help securing about $51 million for city projects. State Rep. April Connors, Sen. Perry ...
The state's Transportation Review Advisory Council's draft list of road projects includes $61.1 million in projects across central Ohio. Among the seven projects in Delaware, Fairfield, Franklin ...
Cost includes three rapid-transit corridors set to open by 2030, and two more by 2050. [251] [252] Second Avenue Subway, Phase 2: Rapid transit: New York City: 6.39 [253] TBD TBD Project was moved to the engineering stage in January 2022. [254] Interborough Express: Light rail: New York City: 5.5 [255] (in 2027 dollars) [256] TBD TBD