Transportation Infrastructure:

Central Artery/Tunnel Project Faces Financial Uncertainties

RCED-96-131: Published: May 10, 1996. Publicly Released: Jun 7, 1996.

Additional Materials:

Contact:

Office of Public Affairs
(202) 512-4800
youngc1@gao.gov

Pursuant to a congressional request, GAO reviewed the Central Artery/Tunnel Project in Boston, Massachusetts, focusing on: (1) the project's estimated total costs; and (2) Massachusetts' plans for financing the project.

GAO found that: (1) in January 1996, Massachusetts estimated that the project's total cost was $7.8 billion, but that estimate did not include $1 billion in previously identified costs or account for the effects of inflation; (2) project costs could total more than $10.4 billion if Massachusetts does not successfully contain construction costs well below historic levels; (3) Massachusetts has directed two state agencies to contribute $200 million toward project costs, but federal and state funding may not be sufficient to complete the project by 2004; (4) federal funding may be limited by the lack of provisions giving the state access to unobligated balances from previous years; and (5) Massachusetts has identified several funding options, but shortfalls exist under all of the options because of its plans to accelerate construction and begin numerous projects within a short period of time.

Sep 14, 2016

Sep 2, 2016

Aug 8, 2016

Jul 28, 2016

Jul 13, 2016

Jul 7, 2016

Jun 24, 2016

Jun 21, 2016

May 26, 2016

Looking for more? Browse all our products here