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  • A Financial Analysis of the Columbia River Crossing Project

    02/26/2011 3:39:43 PM PST · by Bean Counter · 13 replies
    Impresa Economics, Inc. ^ | October 2010 | Joseph Cortright
    This report analyzes the forecast accuracy, financial costs, and financial risks associated with the proposed Columbia River Crossing Project. It reaches three principal conclusions: 1) the traffic forecasts on which project finances are based are inaccurate and unreliable; 2) the thirty-year cost of building and operating the CRC will be at least double the $4 billion estimated and could reach $10 billion or more; 3) the project will necessitate a huge increase in bonded public debt and poses substantial additional financial risks including mega-project cost overruns. 1. CRC traffic forecasts are inaccurate. CRC forecasts grossly over-estimate the traffic growth on...