An existing highway-rail at-grade crossing is to be upgraded. Plans were developed in 2001; the cost estimate for that improvement was $570,000 at that time. Due to funding constraints, construction of the improvement was delayed until 2005. Using the data given in Table 11.3, estimate the construction cost in 2005 dollars.
What will be an ideal response?
Because this is a highway-rail crossing improvement, select the highway cost
index from Table 11.3. Using Equation 11.1:
Thus, the improvements will cost approximately $722,734 in 2005 dollars.
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