|
ESCALATION OF PROJECT COSTS IN THE PLANNING PROCESS |
| Line |
FTA Report
Date of
Earlier
Estimate |
Cost per Mile (Millions) |
Years
Since
Earlier
Estimate |
| Earlier
Estimate |
2000 or 1999
Cost per Mile |
Change |
| Dallas-North Central Extension |
1997 |
$27.77 |
$41.38 |
49.0% |
2 |
| San Diego-Mission Valley |
1999 |
$61.19 |
$73.05 |
19.4% |
1 |
| Denver-Southeast |
1999 |
$30.25 |
$46.45 |
53.5% |
1 |
| Kansas City-Southtown |
1995 |
$32.00 |
$44.23 |
38.2% |
4 |
| Minneapolis-Hiawatha |
1999 |
$32.00 |
$47.70 |
49.1% |
1 |
| New Jersey; Hudson Bergen I & II |
1996 |
$63.41 |
$104.72 |
65.1% |
3 |
| Norfolk |
1995 |
$7.35 |
$28.67 |
289.9% |
4 |
| Orlando |
1997 |
$35.20 |
$41.10 |
16.8% |
1 |
| Pittsburgh Reconstruction |
1995 |
$30.54 |
$60.90 |
99.4% |
4 |
| San Diego-Mid Coast |
1997 |
$22.65 |
$30.76 |
35.8% |
2 |
| Average |
71.6% |
2.4 |
| Average without Norfolk |
47.4% |
2.2 |
| Annual Average Increase in Costs |
39.8% |
|
| Annual Average Increase in Costs without Norfolk |
21.3% |
|
| Source: Calculated from FTA New Starts reports for fiscal years 2001, 2000, 1998, 1997 and 1996.
|
