Report: NYC water plant price doubles in 5 years
Dec.03, 2008 in
Public Works, Water Industry
(Dec. 1, 2008, Forbes)
Rising construction prices, design changes and a dearth of bidders have more than doubled the cost of a gigantic water filtration plant being built 10 stories beneath a Bronx driving range, budget experts have found.
The plant is now expected to cost nearly $3.1 billion, up from $1.3 billion in 2003. Early estimates from the 1990s put it at $660 million.
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