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UPDATE: March 10, 2021: Tutor Perini announced this week that the San Francisco Municipal Transportation Agency board of directors has approved $146.6 million of change orders to the company s contract for the Central Subway project connecting the city s downtown and Chinatown districts. The two modifications one in the amount of $93.6 million and the other in the amount of $53 million increase Tutor Perini s contract amount to more than $1.1 billion and extend project completion dates to March 31, 2021, for substantial completion and Sept. 27, 2021, for final completion.
Since the SFMTA awarded the project to Tutor Perini, its contract amount has increased by approximately $303.6 million and is more than two years behind the original substantial completion date of Feb. 10, 2018.
High Costs & Construction Delays Plague Cali High Speed Rail
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Earnings Scheduled For February 24, 2021
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California s biggest boondoggle just keeps breaking the bank.
Not only is the state s massive high-speed rail project more than a decade behind schedule, it has also become an ode to overspending, a master class in mismanagement, and a complete misreading of what the public needs and what the state can deliver.
The Los Angeles-to-San Francisco high-speed rail system, pitched as one of the biggest public works projects in the nation, was supposed to cost $33 billion and be operational by 2020. As of 2021, the price tag has topped $100 billion and still doesn t have a start date.
The newest misstep involves a 65-mile section through the San Joaquin Valley that a contractor assured could be constructed cheaper than original estimates with a few radical design changes.