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Congress approves study on infrastructure costs

Congress approves study on infrastructure costs

American Cranes & Transport
By Joel Dandrea
7 May 2018

With the expectation of issuing a report at the end of 2018, Congress has authorized the Government Accountability Office (GAO) to launch a study into why infrastructure projects cost much more in the U.S., and especially New York City, than similar projects elsewhere in the world.

In doing so, the GAO will look at the country’s infrastructure costs in the $1.3 trillion spending bill U.S. lawmakers passed in March. As part of the investigation, the agency will study cost drivers like contracting policies, station design and regulatory barriers in other countries, and compare them with those in the U.S.

The GAO will turn particular focus to the high price of construction in NYC, where, according to The New York Times, some rail projects cost as much as $3.5 billion per track mile versus $1 billion in San Francisco and, on average, less than $500 million in the rest of the world... FULL ARTICLE

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