04-05-2023, 04:54 PM
(04-05-2023, 04:39 PM)Bytor Wrote:(04-04-2023, 10:20 PM)KevinL Wrote: It's the number (and length) of bridges involved, plus the overall rise in general expenses we've been seeing since the pandemic. I'm honestly not that surprised.
The length and the bridges of Stage 2 explain why the original cost estimate was $1.5B compared to the $818M of the slightly longer Stage 1, so that is still part of the current estimate.
However, even the inflation we've seen during the past 2 years doesn't turn $1.5B int 4.5B, a 3x increase. That would require 10 years of sustained 11.5% yearly inflation.
Yeah, my initial mental number crunching was not the best. WE need some kind of explanation for the discrepancy.