Wednesday, March 23, 2005

Bastards!

HOV contractor defaults on project
by Joie Tyrrell, Newsday
March 23, 2005

Modern Continental, the financially troubled contractor of the final
12-mile stretch of the Long Island Expressway's HOV-lane
construction, defaulted on the $220-million-plus project, state
transportation officials confirmed Tuesday.

J.D. Posillico of Farmingdale has been selected to finish the HOV-
lane work, and officials with the state Department of Transportation
said the long-awaited piece of the project is now expected to be
completed by July 4. The company, which is to begin work later this
week, will face a $20,000-a-day fine if the project is not completed
on time.

The LIE construction was supposed to be finished by the end of last
year, but new project elements requested by the state and bad weather
delayed the work.

You can read the rest of the story at:

http://www.newsday.com/ny-liho­v0323,0,867226.story?coll=ny-top-headlines

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