During a recent government meeting, officials discussed the financial updates regarding a significant infrastructure project that has seen its costs rise dramatically due to various factors, including the impacts of COVID-19. Originally estimated at $5 million, the total projected cost has now escalated to over $11 million.
Despite the increase, the project has received substantial financial support through two infrastructure grants totaling approximately $7.5 million. This funding has helped mitigate the financial burden on the local budget, which was established five years ago. Officials expressed optimism about the project's funding structure, noting that while costs have risen, external financial assistance has played a crucial role in keeping the project viable.
The meeting also touched on the bidding process for the project, where it was clarified that the selected contractor, Outdoor Enterprises, was not the lowest bidder but was deemed the \"lowest and best\" option due to their qualifications and positioning. Legal reviews were conducted to ensure compliance and appropriateness in the selection process.
As discussions progressed, officials were prompted to provide a timeline for the commencement of work on the project, indicating that further details would be shared in upcoming meetings. The overall sentiment reflected a commitment to moving forward despite the challenges faced.