"Initially, the project was estimated to cost about $880 million. The new project cost estimate stems from sharp price increases in the construction industry and materials market since the pandemic, said Paolo Cosulich-Schwartz, a district official. Because of the project size, the work is being split into two subphases, he said. The approval covers what is described as contract 1, a construction project expected to begin in early 2026 and last six years, he said."
"To be here today awarding this contract is an exciting step to ensure the bridge is safe for our future generations, said Patricia Garbarino, a district board member representing Marin. Thank you to staff and to everyone involved in the herculean effort to reach this important milestone for the seismic retrofit of our 88-year-old bridge. This is a huge investment that we've been excited to make for a long time, Marin County Supervisor Dennis Rodoni, a member of the board, said ahead of the vote."
A decades-long seismic retrofit of the Golden Gate Bridge is entering its final construction phase with board approval of about $1.01 billion in allocations. The funding includes an $864 million contract with Halmar International LLC, a $41.3 million contingency, and a $141.7 million budget increase drawn from district reserves. Construction will be split into two subphases: contract 1 begins in early 2026 and will last six years; contract 2 is estimated at about $900 million and will continue for roughly five years. Cost increases reflect sharp post-pandemic construction and materials price rises.
Read at www.mercurynews.com
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