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.
The most complex public works project in California history - the Bay Bridge's new eastern span - will be finally declared complete in a few weeks. The area's landmark was based on a bold design that had never been tried on that scale and will now pass under the control of state and local authorities after 16 years of construction.
The San Francisco-Oakland Bay Bridge was completed in 2013, took 12 years to build and cost $6.4 billion. It is the largest and most ambitious public works project in California history, in large part because it is designed to withstand a massive earthquake. Since shortly before its completion, however, the bridge has been plagued with questions about its sturdiness.
Last week Caltrans revealed that 120 of the 400 galvanized steel rods that anchor the bridges tower to its foundation are in leaky sleeves flooded with saltwater. This presents a key vulnerability in the event of a large earthquake.