|Date Requested:February 13, 2013
Time Requested:05:21 PM
| FUND(S) |
State Road Fund 6700-16
Sources of Revenue
Legislation creates:Neither Program nor Fund
Effect this measure will have on costs and revenues of state government.
If enacted, the total cost for this project - at today's cost - is estimated at $372,000,000 at the expense of all other highway work statewide.
|Effect of Proposal||Fiscal Year|
|1. Estmated Total Cost||0||0||372,000,000|
|Repairs and Alterations||0||0||0|
|2. Estimated Total Revenues||0||0||0|
3. Explanation of above estimates (including long-range effect):
The costs to construct an approximate 12 mile four-lane highway from Mile Post 3.32 to Mile Post 44.32 is:
Engineering $ 60,000,000
Right of Way Acquisition 84,000,000
The cost equates to approximately $31,000,000/mile. The high cost is due to the mineral rights the DOH would need to acquire and the vast amount of earthwork that would be required to improve this highway to a four-lane facility.
In addition to the costs, it is estimated that it would take approximately 12 years to construct this highway provided that funding is secured and no extenuating issues arise (environmental, historical).
It should also be noted that the $372,000,000 is based on today's cost.