Manufacturing Industry
Central Artery Trials and Tribulations.(cost overruns)(Brief Article)
World Tunnelling, September, 2001
The cost overruns on Boston's huge Central Artery project continue. The latest estimate by accountants Deloitte & Touche suggest the project will cost US$100 million more than previously estimated by project manager Bechtel/Parsons Brinckerhoff. This escalation estimate was announced only a few weeks after the Massachusetts Turnpike Authority (MTA) recorded an additional $300 million in new cost escalations. According to the Deloitte & Touche report, the final cost of the project will be some $14.475 billion.
The MTA seems to be far from happy with the ever increasing costs situation, leading to a meeting between them and the project managers as World Tunnelling goes to press. Reports suggest that the MTA is considering replacing Bechtel/Parsons Brinckerhoff as...
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