Thursday, August 25, 2005
N.C.: Rail's cost jumps by $58 million
Published: Aug 25, 2005
Modified: Aug 25, 2005 6:21 AM
Rail's cost jumps by $58 million
Labor, materials push up price of Triangle system; new ridership forecast is delayed
By BRUCE SICELOFF, Staff Writer
Quotes:
[Click title for more]
Thanks to P-A-D Coalition member C. M. Heath for this!
C.M. Heath tells us: "Hope this proves to be another nail in the coffin for this project."
Modified: Aug 25, 2005 6:21 AM
Rail's cost jumps by $58 million
Labor, materials push up price of Triangle system; new ridership forecast is delayed
By BRUCE SICELOFF, Staff Writer
Quotes:
Rising prices for steel, concrete and labor over the past year have helped to add $58 million to the cost of a planned 28-mile commuter rail service from Raleigh to Durham.
"It really shows that we have some work to do to get our project budget down," John D. Claflin, general manager of the Triangle Transit Authority, said Wednesday. The TTA is in charge of planning and building the rail system. It hopes to start service in December 2008.
The new construction cost estimate -- $689 million in current dollars -- comes as TTA struggles to meet strict new federal fiscal standards and to satisfy Washington's questions about how many people would ride its trains.
Last year, TTA estimated the price at $631 million, a figure that rose to $694 million with inflation figured in. The new $689 million figure has not been adjusted for inflation.© Copyright 2005, The News & Observer Publishing Company
[Click title for more]
Thanks to P-A-D Coalition member C. M. Heath for this!
C.M. Heath tells us: "Hope this proves to be another nail in the coffin for this project."
Comments:
The same inflationary factors are also impacting highways, you fools.
I predict it will NOT be the "death knell" of the project. On the contrary.
I predict it will NOT be the "death knell" of the project. On the contrary.
Given the very large and vocal opposition by many citizens in NC to the wasteful project, TTA should focus it's attention on building a more efficient and comprehensive BUS Transit system in the Triangle. This would be a great benefit at a fraction of the cost for this rail line.
BTW, _the biggest problem for the "Rail Pushers" is that the rail critics AREN'T the "fools" that you need them to be to buy into the illogic of the rail boondoggles.
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BTW, _the biggest problem for the "Rail Pushers" is that the rail critics AREN'T the "fools" that you need them to be to buy into the illogic of the rail boondoggles.
