Friday, December 03, 2004

That $15 billion hole in the ground - Big Dig firm apologizes, considers fund for repairs: “Top executives of the company managing the Big Dig, testifying at a packed State House hearing yesterday, apologized for lapses that led to a massive leak in the Interstate 93 northbound tunnel wall on Sept. 15, and agreed to consider the creation of an unusual escrow fund to pay for future leak repairs.”

Don’t hold your breath. It would probably be far cheaper for the contractors to hire lawyers and string out payment for a decade or more.

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