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Station Street project sees cost escalation after added signal work; town seeks transfer funding
Summary
Engineering staff told the Board that Station Street construction now carries a $346,000 estimated construction cost and that NH DOT-required signal engineering and market bid increases have driven a need for supplemental funding beyond the original $200,000 appropriation.
Town engineers briefed the Board of Finance on Oct. 21 about the Station Street project and a sharp rise in expected construction costs tied to signal work and current market bids.
Staff said the original fiscal 2024 appropriation for Station Street was $200,000, of which $160,000 had been expected to come from a STEAP grant and $40,000 as a…
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