CHSRA - High-speed rail board adopts policy to manage construction costs. The $68.4 billion high-speed-rail line planned for California includes contingencies of 15% to 25% for unanticipated costs. The California High-Speed Rail Authority will allocate a certain amount for each construction section depending on "specific conditions." CHSRA will conduct "a detailed assessment of each construction segment, and [run] potential risks through computer simulations to estimate the likelihood of cost increases," according to officials. Read more here:
Posted on: Fri, 02 Aug 2013 18:49:15 +0000
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