Skip to main content

Alabama highway project - cost increases

Questions are being asked in the US State of Alabama over additional funding being required for an 83km stretch of road.
February 17, 2012 Read time: 1 min
Questions are being asked in the US State of Alabama over additional funding being required for an 83km stretch of road. When the estimates for the Northern Beltline bypass connecting Interstate 20/59 with the 1/59 in southwest Jefferson County was announced in 2009 the project was expected to cost US$3 billion. However the project is now thought to cost $4.7 billion with the existing plans and there are concerns that the price may rise further. Materials costs have risen considerably since the project was first mooted although other cost increases have also affected the plans. Delays may hit the project but it still looks likely to go ahead.

Related Content

  • Brazil: Rate of return for upcoming road tenders set at 9.2%
    July 16, 2015
    Brazil's Treasury Ministry has confirmed that the rate of return for the upcoming highway concession auctions is to be set at 9.2%, up from the 7.2% used in the previous round of tenders in 2013. The lower return is to ensure that the road tolls are lower. However, critics said the measure is not high enough and many contractors are looking for a rate of return of at least two digits, Brazil media reported. Even the increased rate as it stands will not lead to a greater number of contractors tendering fo
  • €14.47bn to fix England and Wales local road network, ALARM Survey claims
    April 3, 2014
    The 19th Annual Local Authority Road Maintenance (ALARM) Survey published today reports that the estimated cost to get England and Wales’ local road network back into reasonable condition has increased to €14.47 billion (£12 billion) from €12.06 billion (£10.5 billion) in 2013. For the second year in a row, more than two million potholes (2,010,749) were filled in England and Wales over the course of the previous year.
  • Caterpillar has a Vision that includes total project site overview
    April 5, 2016
    Caterpillar may be on its financial back foot, but a recent event showed the company has a vision far beyond this or the next financial year – David Arminas reports. Many construction machinery manufacturers have some data collection and analysis systems for their heavy equipment. For a good decade, manufacturers have been moving in this direction, first as retrofit packages on machines in the field and increasingly as standard on newer models. Caterpillar is no exception among manufacturers that are movin
  • $500 million for Tblisi bypass project
    June 20, 2025
    A $500 million funding package will help build the Tblisi bypass in Georgia.