New Audit Announcements
Audit Initiated of FHWA's 2003 Finance Plan for the Central Artery/Tunnel Project
We initiated a review of the 2003 Massachusetts Turnpike Authority’s finance plan for the Central Artery/Tunnel Project in Boston. We will determine whether (1) the estimated cost of the project is reasonable; (2) funding is sufficient to meet the project cost; (3) the project schedule is reasonable and concerns raised in our previous report have been addressed; and (4) cash flows and other project information are accurately presented. In addition, we will evaluate FHWA and the Turnpike Authority’s progress in recovering costs for design errors and omissions. At the request of Congress, we conduct an annual review of the finance plan for the Central Artery/Tunnel Project.