Hmm, I guess MoDOT forgot to count inflation. I-64 rebuild is $140 million over budget.
Agency fears Highway 40 plan will be cut back
By Shane Graber
ST. LOUIS POST-DISPATCH
06/22/2006
The Highway 40 overhaul that Missouri officials have showcased for the past year is $140 million more bang than they have the bucks for, an independent analysis of the plans shows.
Research by East-West Gateway Council of Governments, the region's planning organization, shows that the advertised effort to rebuild St. Louis' most heavily used east-west route should actually cost $675 million. The Missouri Department of Transportation has vowed repeatedly not to exceed its $535 million budget.
That means MoDOT will either have to significantly scale back the project or break its vow, according to the analysis.
Earlier this month, MoDOT acknowledged to the Post-Dispatch that its plans to rebuild 12 miles from west of Spoede Road in Frontenac to Sarah Street in St. Louis was already at least $17 million short.
But that figure was based on federal documents that estimated the cost in 2003 dollars and without factoring in inflation
Link to Article
Agency fears Highway 40 plan will be cut back
By Shane Graber
ST. LOUIS POST-DISPATCH
06/22/2006
The Highway 40 overhaul that Missouri officials have showcased for the past year is $140 million more bang than they have the bucks for, an independent analysis of the plans shows.
Research by East-West Gateway Council of Governments, the region's planning organization, shows that the advertised effort to rebuild St. Louis' most heavily used east-west route should actually cost $675 million. The Missouri Department of Transportation has vowed repeatedly not to exceed its $535 million budget.
That means MoDOT will either have to significantly scale back the project or break its vow, according to the analysis.
Earlier this month, MoDOT acknowledged to the Post-Dispatch that its plans to rebuild 12 miles from west of Spoede Road in Frontenac to Sarah Street in St. Louis was already at least $17 million short.
But that figure was based on federal documents that estimated the cost in 2003 dollars and without factoring in inflation
Link to Article








