Comment: The runaway cost of government construction projects – Times Colonist – Indigenous Business & Finance Today

Home Partner News Media Releases Mainstream News Opportunities Multimedia Events February 28th 2024 Governments evaluate projects not according to the performance-based criteria of the private sector, but by their conformity to rules and processes. A commentary by a retired ­business leader who lives in ­Victoria. Not so long ago, a $10-million government infrastructure project was regarded as a significant expenditure. But now $10 million doesn’t come close to funding projects as simple as a fire hall or new police station. Here in the Victoria region, a new fire hall in the District of Saanich originally budgeted at $27 million has jumped to $45 million. In Langford, the estimated cost of a new RCMP building is an incomprehensible $82 million. Just north of Victoria, the cost of what was to be a simple flyover eliminating a dangerous left turn across the busy Patricia Bay Highway has spiked from its original estimate of $44 million to $77 million. Read More: https://www.timescolonist.com/opinion/comment-the-runaway-cost-of-government-construction-projects-8367265

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