North-South Corridor: Costs of two-year delay to be known only after completion, LTA says
LTA says it will assess whether any additional costs will be borne by the contractor or the agency itself, once the project wraps up.
The Land Transport Authority (LTA) of Singapore has announced that the additional costs arising from a two-year delay to the North-South Corridor (NSC) project will only be determined after the project's completion, as per a Sept 18 CNA report. The LTA spokesperson stated that the final additional cost, including the allocation of costs between the contractor and the agency, cannot be assessed until the project is finished due to ongoing works.
The original budget for the NSC was set at S$7.47 billion. The delay, attributed to challenging ground conditions, has raised concerns among nearby businesses and residents about potential livelihood impacts and daily inconveniences. LTA had provided tenderers with baseline ground information during the tender process, and contractors are expected to account for construction risks when pricing their tenders.
If encountered ground conditions differ significantly from the baseline, contractors can submit claims for assessment. The LTA prioritizes completing the NSC expeditiously without compromising safety.
Written by urgent.news from Channel News Asia's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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