According to the latest projections, the new Bay Bridge eastern span will be completed $35 million over budget. Caltrans is shifting funds from other bride projects from around the state to make up the deficit. The new Bay Bridge eastern span connecting San Francisco and Oakland, California opened in September of last year. Caltrans has been optimistic throughout the duration of the project that the completed bridge would cost less than the $6.4 billion price tag. That figure includes $900 million for cost over runs and contingencies. However, it is estimated that there is still $110 million of unfinished work left to complete the eastern span and Caltrans expects their original estimate of $100 million to tear down the old span to be lower than the actual cost. Taking into account the remaining work that needs to be done as well as cost overruns, Caltrans expects to have a $35 million deficit when the bridge is completed.
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