Big cost overruns for Vuosaari harbour transport infrastructure
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Construction of road, rail, and sea connections to the harbour being built in Vuosaari in the east of Helsinki is proving to be significantly more expensive than expected.
According to an estimate drawn up in 2002, the cost was estimated at EUR 207 million, but the final bill is now expected to be nearly EUR 82 million higher.
The head of the Vuosaari transport project, Pekka Kontiala, says that EUR 45.1 of the additional costs stem from ordinary increases in the price of construction.
The remaining EUR 36.5 million are the result of misjudging the price. Expenses of tunnelling work alone were underestimated by EUR 25 million. However, Kontiala does not want to talk about overheating in the excavation market. He says that tunnelling into rock was at an unusually low level in the early part of the decade, and that costs were estimated accordingly.
"Now the market has normalised, so the prices have risen", he says.
The remaining more than EUR 10 million has been spent on items such as communications, reports, and the handling of complaints. The costs of supervising tunnel construction sites were also underestimated.
On the brighter side, bridge construction and dredging cost less than expectated, because of intense competition.
Helsingin Sanomat
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| 22.1.2007 - TODAY |
 Big cost overruns for Vuosaari harbour transport infrastructure |
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