Monday, June 23, 2008

Every Gov't Project Always Overshoots its Budget

Who didn't know this?

The state of the art bridge, dubbed 'the Bridge of Strings'...[at the entrance of Jerusalem] cost NIS 246m. to build, more than threefold its original budget, according to a city comptroller report.

The report stated that had its actual cost been known, the project was unlikely to have ever been approved.

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