Tags: Polls | Unions | mta | overtime | projects

NY's Latest Subway Cost is 3.5B Per Mile

Image: NY's Latest Subway Cost is 3.5B Per Mile
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Tuesday, 09 January 2018 05:16 PM Current | Bio | Archive

The latest subway line addition in New York is estimated to cost $3.5 billion per mile. According to The New York Times, that’s seven times as much as the worldwide average and the most expensive subway project ever. Other recent New York projects have also been more expensive than the worldwide average, costing $1.5 billion to $2.5 billion.[1]

According to the Times, "public officials have stood by as a small group of politically connected labor unions, construction companies, and consulting firms have amassed large profits." Some of the union contracts require four times as many employees as the rest of the world. Consulting firms have hired employees from the Metropolitan Transit Authority (MTA) and built in "an unusual amount of design and management" costs.

The Times says that "public officials, mired in bureaucracy, have not acted to control the costs." The MTA "almost never punishes vendors for spending too much or taking too long."

Those who dig the tunnels receive $111 per hour in salary and benefits. They receive double that amount for frequent weekend work and over $400 per hour for weekend overtime.

Footnotes:

  1. The New York Times, "The Most Expensive Mile of Subway Track on Earth," December 28, 2017

Each weekday, Scott Rasmussen’s Number of the Day explores interesting and newsworthy topics at the intersection of culture, politics, and technology. Columns published on Ballotpedia reflect the views of the author.

Scott Rasmussen is founder and president of the Rasmussen Media Group. He is the author of "Mad as Hell: How the Tea Party Movement Is Fundamentally Remaking Our Two-Party System," "In Search of Self-Governance," and "The People’s Money: How Voters Will Balance the Budget and Eliminate the Federal Debt." Read more reports from Scott Rasmussen — Click Here Now.

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Other recent New York projects have also been more expensive than the worldwide average, costing $1.5 billion to $2.5 billion.
mta, overtime, projects
290
2018-16-09
Tuesday, 09 January 2018 05:16 PM
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