Birmingham's Northern Beltline cost estimate soars to $4.7 billion
Birmingham's 52-mile Northern Beltline will cost $4.7 billion to build according to a new estimate, a big jump from the previous price of $3.4 billion issued in late 2009.
According to Alabama Department of Transportation officials, the new cost estimate was developed in conjunction with the Federal Highway Administration, which is asking states to review major projects to account for price inflation over time and other factors that have caused cost overruns on projects across the country.
Read the full story from The Birmingham News.
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