Friday, August 26, 2011

Tunnels over budget and behind schedule

From AM-NY:

Two of the cash-strapped MTA’s mega-projects are way behind schedule and over budget, according to a federal government review.

The East Side Access project, which will extend LIRR service to Grand Central Terminal, is running 18 months behind and $800 million over budget, while the Second Avenue subway line may open more than a year late.

The Federal Transit Administration said the MTA needs to start “dealing realistically with … cost and schedule setbacks,” make management changes, and get back to the FTA with “an achievable budget and schedule plan” to finish the East Side Access project, which receives federal stimulus money, according to a report obtained by amNewYork.

Although the MTA maintains that East Side Access and the Second Avenue subway will be done by September 2016 and December 2016, respectively, the FTA puts their opening dates at April 2018 and February 2018. It would be “quite difficult” for the East Side Access project to finish on time, the feds said, adding that costs could balloon from $7.3 billion to $8.1 billion. While the MTA projects the Second Ave. subway will cost $4.4 billion, the FTA puts the price tag at $4.8 billion.

1 comment:

Anonymous said...

"Tunnels over budget and behind schedule"

Wow I would never have thought this would happen in this city... NOT!