Review of the South Boston Piers Transitway Finance Plan
GAO-01-174R: Published: Nov 9, 2000. Publicly Released: Nov 9, 2000.
This report focuses on GAO's review of the South Boston Piers Transitway Finance Plan. The Massachusetts Bay Transportation Authority (MBTA) is building a 1.5 mile underground transitway to connect its existing transit system with the South Boston Piers area, which is undergoing significant economic development. The project is experiencing cost increases and schedule delays, which have led to concerns over funding. GAO notes that although MBTA has shown that it has the financial capacity to complete the project, it has not yet clearly demonstrated to the Federal Transit Administration's financial management oversight contractor that funding the transitway project will not impair its ability to operate and maintain its overall transit system.