Why does it cost so much to build subways in New York City? An NYU study finds that most of the overspending isn’t where you think it is. heybonanos reports
— and the Parks Department charged the MTA $15 million in rent to borrow it for a few years. “When I talked to people in Istanbul,” Goldwyn says, “they had no comprehension of why you couldn’t use public land. All the benefits accrue to the City of New York; for the 7 extension, the city donated the land.” That kind of nonsense has not stopped: “If you look at phase two, MTA is buying parking lots from the city for millions of dollars.
Many other entities seem to regard a subway project as a chance to extract a few infrastructure updates without paying for them. When the MTA dug up Second Avenue, the Department of Environmental Protection got the transit agency to pay for a replacement water main, rather than doing it out of DEP’s own budget. Why did the MTA agree to pay? “They need to get underground,” Goldwyn says, “and there’s pressure to not slow things down.
Another problem is the gradual outsourcing of expertise to expensive consultants. “The MTA used to have a capital-management arm that designed 90 percent of their projects, and I don’t want to say it was a golden age, but they had 600 people on staff. In 2011, when MTA was building Second Avenue and the 7 extension and East Side Access and Fulton Street, MTA Capital Construction had 124 employees. They’re spread extremely thin, running with their heads cut off, trying to put out every fire.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Why did Eagles quarterback Jalen Hurts get benched at Alabama and why did he transfer?Eagles quarterback Jalen Hurts was a standout at Alabama before he was benched in one of the biggest games of his life. He eventually transferred.
Leer más »
Hospitals contracted with private companies are cutting costs by relying on nursesMore and more hospitals are contracting with private companies to run their emergency departments. To save money, many are increasingly relying on nurses and physician assistants instead of doctors.
Leer más »
Turkey-Syria reconstruction costs to come to 'billions of dollars,' World Bank saysThe World Bank has slated roughly $1.8 billion of funding to Turkey and is pursuing relief aid for Syria, following last week's devastating earthquakes.
Leer más »
Beach posts mixed bag as Waitsia costs surgeASX-listed Beach Energy has reported some mixed results for its half-year ended December, days after announcing a cost blow-out at the Waitsia Stage 2 project. Beach on Monday reported that sales revenue for the six months under review was up by 3% to A$813-million, while underlying earnings before interest, tax, depreciation and amortisation was down 4% to A$491-million and underlying net profits after tax was down by 10%, to A$191-million.
Leer más »
Twilio to lay off 17% of its employees to cut costs, while providing upbeat Q4 guidanceShares of Twilio Inc. rallied 2.8% in morning trading Monday, after the communications software company disclosed that it will lay off 17% of its employees...
Leer más »
iPhone 14 Pro Max costs Apple 3.7% more to make than iPhone 13 Pro MaxApple charges at least $1,099 for the iPhone 14 Pro Max. But how much does it actually cost the company to produce its flagship phone?
Leer más »