CAPITAL COST ANALYSIS FOR URBAN TRANSIT PROJECTS
As a source of information and technical guidance, this study documents and analyzes transit capital costs in far greater detail than previous studies for several major urban transit projects through the use of case studies. The projects include the Chicago Southwest Rapid Transit Extension, St. Louis Metro Link Light Rail System, Miami Metromover Extension, Sacramento Light Rail Starter Line and the Los Angeles Metro Rail MOS-1. The mission was to explain the variance between actual costs and estimates made at and after the FEIS. While one project was relatively risk free and exhibited well behaved cost experience, the other projects had extensive cost growth in certain categories. Analysis suggests increased attention is required in planning, estimating and monitoring for right-of-way and real estate acquisition program, construction, construction management, administration and design/engineering. A series of specific observations and recommendations are made to provide guidance to those advancing transit capital projects including addressing project "soft costs" and establishing and managing a project contingency account.
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Corporate Authors:
EG & G Dynatrend
24 New England Executive Park
Burlington, MA United States 01803Federal Transit Administration
Office of Planning, 1200 New Jersey Avenue, SE
Washington, DC United States 20590 -
Authors:
- Fleischman, A L
- Publication Date: 1995-6
Language
- English
Media Info
- Features: Figures; Tables;
- Pagination: 143 p.
Subject/Index Terms
- TRT Terms: Analysis; Capital costs; Cost estimating; Cost overruns; Costs; Estimates; Project management; Urban transit
- Uncontrolled Terms: Cost analysis
- Old TRIS Terms: Overruns
- Subject Areas: Administration and Management; Finance; Public Transportation;
Filing Info
- Accession Number: 00726152
- Record Type: Publication
- Source Agency: Federal Transit Administration
- Report/Paper Numbers: FTA-MA-26-0002-95-3
- Files: TRIS, USDOT
- Created Date: Sep 4 1996 12:00AM