Wednesday, December 26, 2007

The mother of all Govt cost overruns

Link

BOSTON (AP) -- When the clock runs out on 2007, Boston will quietly mark the end of one of the most tumultuous eras in the city's history: The Big Dig, the nation's most complex and costliest highway project, will officially come to an end.

Don't expect any champagne toasts.

After a history marked by engineering triumphs, tunnels leaks, epic traffic jams, last year's death of a motorist crushed by falling concrete panels and a price tag that soared from $2.6 billion to a staggering $14.8 billion, there's little appetite for celebration.

Civil and criminal cases stemming from the July 2006 tunnel ceiling collapse continue, though on Monday the family of Milena Del Valle announced a $6 million settlement with Powers Fasteners, the company that manufactured the epoxy blamed by investigators for the accident. Lawsuits are pending against other Big Dig contractors, and Powers Fasteners still faces a manslaughter indictment.