The cost of the Croton Water Filtration Plant, currently under construction in the Bronx, is close to $2.8 billion -- far higher than what the Bloomberg administration has said the project will cost, a budget analysis by the Independent Budget Office indicates.
The city's Department of Environmental Protection has maintained for several months that construction of the filtration plant would cost about $2.1 billion.
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The plant, first proposed in the 1970s, has been beset by construction delays, lawsuits, fines imposed by the federal government, and opposition from neighbors of the project.
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Mr. Lawitts acknowledged however that several items included in the independent analysis had been left out of his agency's cost for the project.
Among those items was $292 million for the filtration plant's design, and contract and construction management.
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The agency also failed to include in its budget the $137 million cost of inspecting and rehabilitating the Croton Aqueduct, as well as various smaller costs, including paying $15 million to Con Ed to supply power to the new plant.
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By Timothy Williams
The New York Times www.NYTimes.com
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Published September 28, 2007
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Environmental Valuation & Cost Benefit News covers legal, academic, and regulatory developments pertaining to the valuation of environmental amenities and disamenities, such as clean air, trees, parks, congestion, and noise. We apprise the reader about ways in which costs and benefits are measured, and the results of empirical studies. We hope that this information will allow public and private organizations to comprehend the risks and benefits of various actions, help disputants to resolve conflicts equitably and efficiently, and improve the quality of public policies. We will only discuss issues related to the empirical quantification of private and social costs and benefits and damages, and summarize information from daily newspapers, academic journals, legal publications, court decisions, professional newsletters commissioned studies, and on-line services. This newsletter is dedicated to the principal that all policies place values upon life, liberty, and the pursuit of happiness. We believe that more information, explicit specification of assumptions, and rigorous analysis can help our society to better meet these ends. This site will increasingly serve, in conjunction with others, as a valuation database. We will include a wide range of studies, including non-environmental reports, because omission of a factor effectively values it at zero, and biases decisions. Heavy traffic has caused several site crashes. We are attempting to correct these problems. Apologies for any inconvenience.
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