Estimate the total cost of a proposed 70-mile of limited access highway, with an

Question

Estimate the total cost of a proposed 70-mile of limited access highway, with an additional 1.5 miles of bridges. Costs for the following items are expected to be calculated as indicated below: Environmental Impact Studies @$225,000 Cost of replacement of wetlands affected 15 acres @ $25,000 per acre Right-of-way cost (Including cost of displacement of families and businesses) @$12 million Construction cost: Highway Bridges @$150,000 per mile @ $7,000,000 per mile The duration of the project is expected to be 22 months. Given: Legal Expense = $20,000 Bond Expense = $120.000 Engineering & Professional Expenses = 10.5% Interest during construction = 5% Contingencies = 3.5%

Explanation / Answer

unit % intrest cost/unit Total Environtal impact studies 1 0 225000 $2,25,000 CPR of wetlands 15 0 25000 $3,75,000 right of way cost 1 0 12000000 $1,20,00,000 construction cost Highway 70 0 150000 $1,05,00,000 Bridge 1.5 0 7000000 $1,05,00,000 Legal expense 1 0 20000 $20,000 Bond expense 1 0 120000 $1,20,000 E &P expenses (10.5 % of total only once except intrest ) - 10.5 - $35,42,700 intrest during construction - 5 - $9,62,500 contingencies - 3.5 - $6,73,750 Total cost = $3,89,18,950

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