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Inflation could push the cost of Texas' coastal barrier project — already expected to be the largest civil engineering project in U.S. history — to $57 billion, the U.S. Army Corps of Engineers said.
The latest figure is 68% higher than an earlier estimate of $34 billion, and it’s unclear when — or whether — Congress will appropriate the money to build the massive system of gates intended to protect the Houston region from storm surge.
The latest figure is 68% higher than an earlier estimate of $34 billion, and it’s unclear when — or whether — Congress will appropriate the money to build the massive system of gates intended to protect the Houston region from storm surge.
Inflation could push the cost of Texas’ coastal barrier project to $57 billion, the U.S. Army Corps of Engineers said.
The coastal barrier project Ike Dike could now cost $57 billion due to inflation if the setup is paid for over the expected 20-year build period.