FISCAL NOTE
FUND(S):
Sources of Revenue:
Special Fund
Legislation creates:
Neither Program nor Fund
Fiscal Note Summary
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 $387,600,000 at the expense of all other highway work statewide.
Fiscal Note Detail
| Effect of Proposal |
Fiscal Year |
2014
Increase/Decrease
(use"-") |
2015
Increase/Decrease
(use"-") |
Fiscal Year
(Upon Full
Implementation) |
| 1. Estmated Total Cost |
0 |
0 |
387,600,000 |
| Personal Services |
0 |
0 |
0 |
| Current Expenses |
0 |
0 |
0 |
| Repairs and Alterations |
0 |
0 |
0 |
| Assets |
0 |
0 |
0 |
| Other |
0 |
0 |
0 |
| 2. Estimated Total Revenues |
0 |
0 |
0 |
Explanation of above estimates (including long-range effect):
The cost to construct an approximate 12 mile four-lane highway from Mile Post 3.32 to Mile Post 44.32 is:
Engineering $62,400,000
Right of Way Acquisition $ 87,600,000
Construction $237,600,000
Total $387,600,000
The cost equates to approximately $32,300,000/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.
Memorandum
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 $387,600,000 is based on today's cost.
Person submitting Fiscal Note: Lorrie Hodges
Email Address: Lorrie.a.hodges@wv.gov