Austin's urban rail project's big budget means large contracts at stake

May 6, 2014
Austin Business Journal

Now that Austin's transportation planners have unveiled a price tag for a downtown urban rail system, the accompanying budget breakdown shows there will be some serious contracts at stake if the project is passed by voters

Foremost on the list of big projects are an estimated $220 million tunnel near Airport Boulevard and Hancock Center and a new bridge worth at least $175 million over Lady Bird Lake. The plan also calls for nine rail cars, a control center, maintenance bays, vehicle washing, painting and body shops as well as administrative offices – all of which will mean opportunities for area businesses

In all, the project is expected to cost about $726 million in construction costs, $43 million in new vehicles, $38 million in right-of-way costs, $239 million in professional services and $330 million in contingencies. The total project is estimated to cost $1.39 billion in 2020 dollars – you can read our coverage of what the overall project will entail here

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