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<classification authority="sudocs">GA 1.13:RCED-96-131</classification>
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 <subject>Federal aid for highways</subject>
 <subject>Road construction</subject>
 <subject>Intergovernmental fiscal relations</subject>
 <subject>Future budget projections</subject>
 <subject>Construction costs</subject>
 <subject>Unobligated budget balances</subject>
 <subject>Public roads or highways</subject>
 <subject>Cost sharing (finance)</subject>
 <subject>Cost control</subject>
 <identifier>Central Artery/Tunnel Project (Boston, MA)</identifier>
 <identifier>FHwA Interstate Construction Program</identifier>
 <identifier>Massachusetts Design-to-Cost Program</identifier>
 <identifier>FHwA Federal-Aid Highway Program</identifier>
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 <identifier>Massachusetts</identifier>
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<titleInfo>
 <title>Transportation Infrastructure: Central Artery/Tunnel Project Faces Financial Uncertainties</title>
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<abstract>Pursuant to a congressional request, GAO reviewed the Central
Artery/Tunnel Project in Boston, Massachusetts, focusing on: (1) the
project&apos;s estimated total costs; and (2) Massachusetts&apos; plans for
financing the project.&lt;p/&gt;GAO found that: (1) in January 1996, Massachusetts estimated that the
project&apos;s total cost was $7.8 billion, but that estimate did not include
$1 billion in previously identified costs or account for the effects of
inflation; (2) project costs could total more than $10.4 billion if
Massachusetts does not successfully contain construction costs well
below historic levels; (3) Massachusetts has directed two state agencies
to contribute $200 million toward project costs, but federal and state
funding may not be sufficient to complete the project by 2004; (4)
federal funding may be limited by the lack of provisions giving the
state access to unobligated balances from previous years; and (5)
Massachusetts has identified several funding options, but shortfalls
exist under all of the options because of its plans to accelerate
construction and begin numerous projects within a short period of time.</abstract>
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<identifier type="preferred citation">GAO/RCED-96-131</identifier>
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<note>Letter Report</note>
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<subject>
 <topic>Federal aid for highways</topic>
 <topic>Road construction</topic>
 <topic>Intergovernmental fiscal relations</topic>
 <topic>Future budget projections</topic>
 <topic>Construction costs</topic>
 <topic>Unobligated budget balances</topic>
 <topic>Public roads or highways</topic>
 <topic>Cost sharing (finance)</topic>
 <topic>Cost control</topic>
 <topic>Central Artery/Tunnel Project (Boston, MA)</topic>
 <topic>FHwA Interstate Construction Program</topic>
 <topic>Massachusetts Design-to-Cost Program</topic>
 <topic>FHwA Federal-Aid Highway Program</topic>
 <topic>Highway Trust Fund</topic>
 <topic>Boston (MA)</topic>
 <topic>Massachusetts</topic>
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