Green line expansion (two stops) initially budgeted at $954M in June 2010.
5 years later, costs estimated at $3.09B and project is terminated.
A Reliable Project Budget is Defined as being
within +10% and -5% of what it would Cost
to Design and Construct the Project
Costs went up over 300%. The level of incompetence on display here is borderline criminal. Have a friend who works at one of the big 4 who is being called in to audit this failed project. Should be interesting to get an insider perspective on where taxpayer money was spent.
Wow, $3.09B for 4.3 miles of track and 4 stations? In possibly 7 years, if everything goes according to plan?
Elsewhere in the world, the Delhi Metro Phase 2 cost $2.9B and took 3 years. 77 miles of track, 85 stations, and countdown clocks. The Bangalore Metro (phase 1) is expected to be $2.5B (including a 25% cost overrun) for 26 miles and 40 stations. It also includes countdown clocks. Barcelona spent $200M for a 5.8km rail tunnel.
In fact, most of the cost of train construction is not labor (except in the US). That's why the Egypt, China and India (low labor costs) aren't significantly cheaper than Spain or Korea (high labor costs).
If only I thought of this - then I might have cited a Spanish construction project in the very comment you replied to, so that no one could cluelessly bring up labor costs.
In any case, even if your claim were true, there is an easy solution. Import Indians to get the job done. The goal is fixing our crumbling infrastructure rather than union featherbedding, right?
3.09B!!! That is insane. I would think after the big dig disaster they would have learned their lesson.
In Zürich they just finished a huge expansion with a complex 10km tunnel und a 3rd underground 4 track station. Project cost was 2.0B up from 1.8B. At one point a drill got stuck and they had to abandon it.
MBTA has huge project management problems to be sure, of course it should be looked into.
But its really the only subway the city has, plus I think they're required by consent decree to build sometimg (Part of the "big dig" project (putting highway in a tunnel), another fine example of poor project budget control in the commonwealth of Massachusetts)
Ha. This is too true. If there wasn't some kind of construction project over budget at all times, people would think something was wrong.
Really though, the MBTA has a bunch of major issues. Not just project management. I honestly don't know what it would take to fix it but something has to give sooner or later. People are finally getting fed up.
I believe that the housing market in Medford and union Sq for years has been inflated on the speculation of the green line exrension. For years it was taken as a given. Has the Market declined since it came to light that the estimates were off, and the project cancelled ? I imagine a lot of people will lose money over this.
5 years later, costs estimated at $3.09B and project is terminated.
Costs went up over 300%. The level of incompetence on display here is borderline criminal. Have a friend who works at one of the big 4 who is being called in to audit this failed project. Should be interesting to get an insider perspective on where taxpayer money was spent.http://www.mbta.com/uploadedfiles/About_the_T/Board_Meetings...