Chongqing-Lichuan Railway Development Project

The project costs at completion differed significantly from the processing estimates. Despite various factors during construction and the significant increase in land acquisition and resettlement costs, processing estimates should be updated in accordance with the approved feasibility study and preliminary design. The cost estimates also affected the financial and economic evaluation results. Due to improved project readiness, more precise project cost estimates based on the approved feasibility study or preliminary design are now available during processing.