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RCED-95-213R 1 (1995-06-02)

handle is hein.gao/gaobackwh0001 and id is 1 raw text is: GAO 14 L :R rr - _ 0:0 M 0 United States General Accounting Office Washington, D.C. 20548 Resources, Community, and Economic Development Division B-260786 June 2, 1995 The Honorable Frank R. Wolf Chairman Subcommittee on Transportation Committee on Appropriations House of Representatives Dear Mr. Chairman: This report responds to your February 17, 1995, request that we review selected aspects of the Central Artery/Tunnel (CA/T) project--a federally aided highway project in Boston, Massachusetts. At over $1 billion a mile, the CA/T project is one of the largest and most expensive highway construction projects ever undertaken. Your concern stemmed in part from the fact that the cost of this project grew from $2.6 billion in 1985 to $7.7 billion in 1992. The CA/T project is about 85 percent federally funded. As agreed with your office, we examined (1) the status of the project, (2) the estimated cost of the project, and (3) the Commonwealth of Massachusetts' plans for financing it. In summary, we found that the cost of the CA/T project will exceed the $8 billion forecast in the current Massachusetts Department of Highways' (MHD) draft estimate.1 In part, the cost will grow because the estimate excludes over $1 billion in project elements that were considered part of the project in the past. These items include project components for which funding from other agencies is being sought, some environmental agreements, project features being funded with state funds only, and other items. The estimate is also based on aggressive cost containment goals that MHD has adopted for the CA/M project--goals that, while commendable, envision a far better performance than 'The $8 billion estimate represents expenditures already incurred, valued in the year they were incurred, and future expenditures valued in 1994 dollars. GAO/RCED-95-213R, Central Artery/Tunnel Project

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