...here's the latest. BART estimated it would cost nearly $250 million to begin construction this summer on the Fremont-to-Warm Springs extension. The low bid came in at $137 million, or 45 percent below the projected cost. The Bay Area Rapid Transit District still has to evaluate this bid before awarding a contract, so it's not a done deal. But the five next lowest bids are within $7 million of the low offer.For more commentary on cost overruns, check out Orphan Road.
Thursday, April 30, 2009
I wonder how many costs such as Fastracks in Denver are wildly overestimated in this current fiscal environment. The estimates of late from BART are encouraging even if their line is a skeptical investment.