Construction Budget
The first press release from the BC Ministry of Transportation to include budget information was in 2003. At that time, the project was estimated to cost $100 million CAD for the bridge and another $20 million CAD for the two interchange upgrades on the west side of the lake.
By June 29, 2005, the cost of the bridge was increased from the previous estimate of $100 million CAD to $144 million CAD "due to dramatic increases in the cost of construction materials and labour", which includes significant increases in the cost of concrete, steel, and fuel. Over the next 30 years, the province of British Columbia expects to pay SNC-Lavalin a total of $179 million CAD "to design, build, finance, operate, maintain and rehabilitate the bridge".
Read more about this topic: William R. Bennett Bridge
Famous quotes containing the words construction and/or budget:
“There is, I think, no point in the philosophy of progressive education which is sounder than its emphasis upon the importance of the participation of the learner in the formation of the purposes which direct his activities in the learning process, just as there is no defect in traditional education greater than its failure to secure the active cooperation of the pupil in construction of the purposes involved in his studying.”
—John Dewey (1859–1952)
“A budget takes the fun out of money.”
—Mason Cooley (b. 1927)