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Transportation Infrastructure: Central Artery/Tunnel Project Faces Financial Uncertainties

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Report Type Reports and Testimonies
Report Date May 10, 1996
Report No. RCED-96-131
Subject
Summary:

At a cost of more than $1 billion per mile, the Central Artery/Tunnel project--an Interstate Highway System project in Boston, Massachusetts--ranks as one of the largest, most complex, and expensive highway construction projects ever undertaken. About $4.7 billion in federal and state money has been obligated so far, but this amount is less than half of the more than $10 billion that will likely be needed to complete the project. To date, about 86 percent of the funding for the Central Artery/Tunnel project has come from federal sources. This report evaluates (1) the estimated total cost of the Central Artery/Tunnel project and (2) the plans of the Commonwealth of Massachusetts for financing it.

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