NEW YORK CITY-The 3.5-mile expansion of the Long Island Rail Road to Grand Central Terminal could take an extra three years—and nearly $1 billion more. Officials from the Metropolitan Transportation Authority said at a meeting Monday evening that the estimated completion time for the agency’s East Side Access megaproject has been pushed back to August 2019 at a cost of $8.24 billion.

The project, originally expected to be completed by 2016 on a budget of approximately $7.2 billion, is based upon construction delays in both Manhattan and Queens. According to a presentation from the MTA, delays in the rebuilding and expansion of the Harold interlocking site – a one-mile swath connecting Queens Boulevard, Sunnyside Rail Yard and 43rd Street –resulted in schedule compression that “placed stress on resources and outages.” More specifically, MTA chairman Joseph Lhota told Long Island Business News that tunneling underneath the Queens rail yard near Jamaica where Amtrak and Acela store trains in addition to its own vehicles, has “become an issue.” In addition, environmental problems such as contaminated soil has also caused delays, he explained.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2024 ALM Global, LLC. All Rights Reserved.