Last time the US did a big infrastructure project,
The Big Dig was the most expensive highway project in the US, and was plagued by cost overruns, delays, leaks, design flaws, charges of poor execution and use of substandard materials, criminal arrests, and one death.
The project was originally scheduled to be completed in 1998 [5] at an estimated cost of $2.8 billion (in 1982 dollars, US$6.0 billion adjusted for inflation as of 2006). [6] However, the project was completed only in December 2007, at a cost of over $14.6 billion ($8.08 billion in 1982 dollars, meaning a cost overrun of about 190%) [6] as of 2006. [7] The Boston Globe estimated that the project will ultimately cost $22 billion, including interest, and that it would not be paid off until 2038. [8]
As a result of a death, leaks, and other design flaws, Bechtel and Parsons Brinckerhoff—the consortium that oversaw the project—agreed to pay $407 million in restitution, and several smaller companies agreed to pay a combined sum of approximately $51 million.
https://en.wikipedia.org/wiki/Big_Dig |
