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Latest Cost overrun Stories

2014-10-06 04:22:26

NIEUWEGEIN, the Netherlands, October 6, 2014 /PRNewswire/ -- Ballast Nedam expects the results for 2014 to deteriorate as a result of ongoing cost overruns on the public-private partnership project A15 Maasvlakte-Vaanplein, carried out by the consortium A-Lanes A15. In addition, the Infrastructure division is dealing with disappointing project results. On 7 July Ballast Nedam stated that due to its 40% share in the A15 Maasvlakte-Vaanplein project, it would have to take...

2014-04-11 23:24:41

A recent study conducted by HR+Survey Solutions reveals that merit increase budgets are on the rise in the Global CRO Industry. Reading, PA (PRWEB) April 11, 2014 The study found that while the highest reported salary increase budget across the globe for 2013 was 21%, that figure rose to 25% for 2014. The country with the highest average budgeted increase is Argentina with an average increase of 16.1% for 2014. The country with the lowest average budget increase is Portugal with an...

2008-06-19 12:00:49

By Annie McCallum, The News & Advance, Lynchburg, Va. Jun. 19--The rising cost of fuel and materials means some changes for the new Sandusky Middle School. To stick to the project's $28 million budget, officials have eliminated some building features and reallocated funds. Dominion Seven Architects representative Blair Smith said despite the changes, the new school won't look different than the previously released renderings. "You will never notice a difference in how the...

2006-08-29 17:38:15

BOSTON (Reuters) - The family of a woman killed when slabs of cement fell from the ceiling of Boston's "Big Dig" highway tunnel project filed a wrongful death lawsuit on Tuesday against the Massachusetts Turnpike Authority and contractors. The husband and eldest daughter of Milena Del Valle, 38, who was killed when a 3-ton portion of tunnel ceiling fell on her car on July 10, blamed "reckless" and "negligent" construction in the suit. They did not specify the amount of damages...

2006-08-08 17:34:43

BOSTON (Reuters) - A busy stretch of Boston's "Big Dig" highway tunnel system where a woman died when a concrete ceiling panel crushed her car four weeks ago will reopen at midnight on Tuesday, Massachusetts Gov. Mitt Romney said. The part being reopened is the ramp that connects Boston to its airport through the Ted Williams Tunnel, Romney said. "It will be a clear way to get to the airport from the south," Romney told a news conference. Other sections of the 7.8-mile tunnel system,...

2006-07-29 23:45:12

WASHINGTON (Reuters) - The State Department agency in charge of $1.4 billion for reconstruction projects in Iraq used an accounting shell game to hide cost overruns and failed to tell Congress about schedule delays, The New York Times reported on Sunday. A report by the independent Special Inspector General for Iraq Reconstruction said the U.S. Agency for International Development listed project overruns as overhead or administrative costs. USAID is the agency is charge of...

2006-07-18 08:51:47

By Jason Szep BOSTON (Reuters) - Boston's $15 billion "Big Dig" was meant to inspire awe, an engineering marvel on scale with the Panama Canal that would thrust U.S. cities into a new era. Instead, it faces a crisis of public confidence after a fatal tunnel collapse that could derail plans for other U.S. urban mega-projects. With 7.5 miles of underground highway and a 183-foot (56 meter) wide cable-stayed bridge, the Big Dig replaced an ailing elevated expressway to fix chronic...

2006-07-11 06:42:24

BOSTON (Reuters) - A section of concrete fell from the ceiling of a tunnel built as part of Boston's $14.8 billion "Big Dig" project and killed a woman in a car, authorities said on Tuesday. The chunk of concrete fell onto the roof of a sedan late on Monday, instantly killing the woman, said police. Her husband managed to crawl out of the crushed car. The ceiling collapsed at about 11 p.m. (0300 GMT) in the eastbound Interstate 90 connector tunnel leading to the Ted Williams Tunnel...


Word of the Day
bellycheer
  • Good cheer; viands.
  • To revel; to feast.
The word 'bellycheer' may come from 'belle cheer', "good cheer".
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