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What's Going On With Project Cost Increases?
| 题名： | What's Going On With Project Cost Increases? |
| 正文语种： | eng |
| 摘要： | Members of the Inland Waterways Users Board had a lot of questions for Corps of Engineers representatives regarding recent revelations about cost increases for important inland waterways projects. Inflation has eroded many of the gains made in funding major construction and rehabilitation projects achieved in the Infrastructure Investment and Jobs Act and the Inflation Reduction Act. Projects that were declared "funded to completion" are now found not to be fully funded. They require more funding to complete-much more, in some instances. Like the famous "Mission Accomplished" sign announcing a premature end to the Iraq war in 2003 when years of fighting still lay ahead, the announcement of "funded to completion" has proven to be premature as well. Some of the announced cost increases are startling. The certified cost for the new lock being built in the Chickamau-ga Lock Replacement Project is $954.4 million as of March 16, an increase of $197.5 million, or 26 percent over the previous estimate. Additionally, about 2.5 years has been added to the lock operation date and three years for the final completion date. The contractor says it is significantly behind schedule, blaming cost and schedule impacts on a variety of issues, most notably COVID-19. A review of the claim is planned for February 2024. |
| 出版年： | 2023 |
| 期刊名称： | The Waterways Jouranl |
| 卷： | 137 |
| 期： | 18 |
| 页码： | 4-4 |
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