First Costs | 2020 Price Level |
Widen/Breach I-95 Openings | $2,865,000 |
Stone Protection: | |
Tower & 107 Bridge | 180,000 |
East Saugus: | |
Walls, Berms, Drainage | 2,719,000 |
Lands, Easements, Rights of Way | 1,320,000 |
Planning, Engineering & Design | 1,140,000 |
Construction Management | 370,000 |
Savings w/Regional Project | -1,900,000 |
Total Cost | $6,690,000 |
Federal Cost, if implemented (75%) | $5,000,000 |
Non-Federal Cost, if implemented (25%) | $1,690,000 |
Total project investment* $2,760,000 (1991 Price Level)
Would restore/prevent the loss of about 100 acres --- or a cost of $27,600 per acre of wetlands.
This compares to the cost of 2 other Corps projects at $100,000 per acre in 1991 to replace wetlands.
The high ecological quality benefits, low comparable cost, public support & federal interest warrants further investigation.
*includes first cost, interest during construction & savings with regional floodgate project.