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Posted: 7/27/2016 6:56:34 PM EDT
http://wavy.com/2016/07/27/new-parallel-tunnel-to-be-built-at-the-thimble-shoal-channel/





http://www.cbbt.com/parallelthimbleshoaltunnel/









CAPE CHARLES, Va. (WAVY) — The Chesapeake Bay Bridge and Tunnel
Commission says it is going to build a new parallel tunnel at the
Thimble Shoal Channel.

View Quote





Construction will begin on Island 1 in the fall of 2017 and is
expected to take about five years. The project will cost $755 million.






The fishing pier at Island 1 will be renovated during the
construction of the tunnel. It is expected to reopen to the public in
2022, when the new tunnel is completed. The rest stop on Island 1 is
scheduled to close October 2017.






Link Posted: 7/28/2016 12:58:35 AM EDT
[#1]
Please let it bring work to my company.

They finished the parallel span what? 15 years ago? This is going to be a very cool project to watch.

They better not mess up the fishing though.
Link Posted: 7/28/2016 7:01:38 AM EDT
[#2]
$755M LOL, a donut says they miss that budget projection by at least 50%.
Link Posted: 7/28/2016 9:13:26 AM EDT
[#3]
Discussion ForumsJump to Quoted PostQuote History
Quoted:
$755M LOL, a donut says they miss that budget projection by at least 50%.
View Quote


Having experience in the underground construction/tunneling world, this was my thought as well. Maybe not quite 50% but it did seem a little low to me. Looks like a neat project though.
Link Posted: 7/28/2016 12:01:57 PM EDT
[#4]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Having experience in the underground construction/tunneling world, this was my thought as well. Maybe not quite 50% but it did seem a little low to me. Looks like a neat project though.
View Quote View All Quotes
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
$755M LOL, a donut says they miss that budget projection by at least 50%.


Having experience in the underground construction/tunneling world, this was my thought as well. Maybe not quite 50% but it did seem a little low to me. Looks like a neat project though.



My first thought was to multiply by 1.2.
Link Posted: 7/28/2016 12:42:32 PM EDT
[#5]


Discussion ForumsJump to Quoted PostQuote History
Quoted:



Please let it bring work to my company.





They finished the parallel span what? 15 years ago? This is going to be a very cool project to watch.





They better not mess up the fishing though.
View Quote



The will be closed for the 5+ years.





 
Link Posted: 7/28/2016 1:09:00 PM EDT
[#6]
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Quoted:
$755M LOL, a donut says they miss that budget projection by at least 50%.
View Quote


Exactly. What did the tunnel under Boston cost us - $3B+?
Link Posted: 7/28/2016 2:51:02 PM EDT
[#7]
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Quoted:

The will be closed for the 5+ years.
 
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Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Please let it bring work to my company.

They finished the parallel span what? 15 years ago? This is going to be a very cool project to watch.

They better not mess up the fishing though.

The will be closed for the 5+ years.
 


I'm not talking about the pier, I have a boat. I'm talking about around the islands.
Link Posted: 7/28/2016 2:53:57 PM EDT
[#8]
Its Dragodas that has it.  We are on it!
Link Posted: 7/28/2016 2:55:28 PM EDT
[#9]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


Exactly. What did the tunnel under Boston cost us - $3B+?
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
$755M LOL, a donut says they miss that budget projection by at least 50%.


Exactly. What did the tunnel under Boston cost us - $3B+?


It shouldn't cost "us" much, hopefully. The CBBT is a public-private venture, the tolls are its revenue stream.
Link Posted: 7/28/2016 3:46:41 PM EDT
[#10]
Discussion ForumsJump to Quoted PostQuote History
Quoted:


It shouldn't cost "us" much, hopefully. The CBBT is a public-private venture, the tolls are its revenue stream.
View Quote View All Quotes
View All Quotes
Discussion ForumsJump to Quoted PostQuote History
Quoted:
Quoted:
Quoted:
$755M LOL, a donut says they miss that budget projection by at least 50%.


Exactly. What did the tunnel under Boston cost us - $3B+?


It shouldn't cost "us" much, hopefully. The CBBT is a public-private venture, the tolls are its revenue stream.


Interest rates are incredibly low.

Not a bad time to sell bonds with the revenue stream of tolls behind them.
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