Reforming the World's Costliest Subway Construction

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Reforming the World's Costliest Subway Construction

In 2016, New York City overtook Zürich as the most expensive place in the world to build public or private buildings. New York's high... Read More...
In 2016, New York City overtook Zürich as the most expensive place in the world to build public or private buildings. New York's high costs are often justified as a result of the densities and complexities of the surface neighborhoods. Yet a closer look at the costs shows that mismanagement is a bigger problem. The 2nd Avenue Subway is the most expensive rail project (per mile) ever built anywhere in the world, costing $807 million per track mile. One station alone cost $1 billion. The No. 7 line expansion cost $2.1 billion for a 1.5-mile extension from Times Square to a Hudson Yards Station near the Javits Center on the Far West Side. This project was planned to have an intermediate stop that was cancelled due to high costs. The budget of the 2nd Avenue Subway project increased from $6.3 billion to $10.2 billion in less than 10 years. Yet hardly any of this increase was related to the commercial district at street level. So what is the problem? Simply put, high costs and delays are embedded in every aspe Read less

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