Inflation is taking a toll on infrastructure projects across the U.S.
The hikes are being driven by a variety of factors, including worldwide supply-chain backlogs, strong consumer and business spending in the U.S., Russia's invasion of Ukraine — and, some argue, federal energy and fiscal policies.
Officials at Des Moines International Airport were counting on the federal infrastructure money to replace an aging terminal with a modern structure. Four years ago, a new 14-gate terminal was projected to cost about $434 million and be open by 2026. By this spring,That’s more than the airport can afford, even with the federal aid. So officials are planning to break the project into phases, building just five new gates by 2026 at a cost of $411 million.
Low bids for a series of bridge repairs along Interstate 55 in St. Louis came in at $63 million this year, 57% over the budgeted amount. Overall, Missouri’s highway construction costs for the fiscal year ending in June were $139 million over budget — an 11% increase that marked a “pretty significant swing” from several under-budget years, said state Department of Transportation Director Patrick McKenna.
When Tucson, Arizona, launched the first part of a four-phase water main replacement project in September 2020, ductile iron pipe cost $75-a-foot and a gate valve cost $3,000. When it bid the most recent phase this spring, pipe costs had risen to nearly $90-a-foot and gate valves to nearly $4,100. The city is now prioritizing what other projects it can afford, and which ones have to wait.
“Some of them are getting delayed, some of them are being reduced in scope, and it’s forcing us to re-evaluate some of the budgets that we’ve set forth,” said Ali Polda, principal engineer in the city's water department.Residents in a neighborhood west of Little Rock, Arkansas, will pay a $146 monthly surcharge to Central Arkansas Water to install new water lines. The charge is 17% more than originally planned because of spikes in construction costs.
日本 最新ニュース, 日本 見出し
Similar News:他のニュース ソースから収集した、これに似たニュース記事を読むこともできます。
US number of cancelled flights rising as summer heats upA large number of flights have been canceled across the United States for the second day in a row. This comes as airlines recover from storms while accommodating large vacation crowds.
続きを読む »
FBI investigates rising attacks on pro-life centers, churchesThe FBI confirmed Friday it is investigating attacks on pro-life pregnancy centers and churches, episodes of violence and vandalism that surged after the leak of a Supreme Court draft opinion that would overturn Roe v. Wade.
続きを読む »
The odds of recession are rising, but the U.S. economy is not doomed to a downturnHigh inflation and rising interest rates are slamming the brakes on U.S. growth, economists say, but there’s still a narrow chance to avoid a second recession in three years. The outlook is not looking good, to be sure.
続きを読む »
Biden’s ‘energy whisperer’ balances climate agenda, rising gas pricesAmos Hochstein, a presidential coordinator at the State Department, is taking on one of the biggest challenges facing the Biden administration: reining in rising energy prices while preserving Biden's climate agenda.
続きを読む »
Housing market slows retreat from rising seas, bigger stormsHot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs
続きを読む »
Housing market slows retreat from rising seas, bigger stormsHot real estate markets have made some homeowners wary of participating in voluntary flood buyout programs
続きを読む »