Building materials given a bad rap in rail project inflation
The estimated cost of the fourth cross-harbour railway, connecting the northeastern New Territories and East Kowloon to Hong Kong Island, is up 60 per cent from a 2007 estimate ... Officials have attributed the increased cost to a surge in the price of construction materials.
SCMP, January 8
Yeah, blame it on the costs of materials. That way no one is really to blame. It just happened to happen and there is nothing anyone can do about it. We'll just have to pay up. Sorry, but that's the way the cookie crumbles.
Before invoking this excuse, however, you would have thought that these 'officials' might check to see whether it is actually true that the costs of construction materials have gone up quite so much since 2007. They could easily have found out from a number of detailed data series published by the Census and Statistics Department.
But did they look?
No, of course they didn't or, if they did look, they ignored what they saw in favour of a number given them by the construction trade. The real figure is about 22 per cent since mid-2007, not 60 per cent, and this is in construction materials costs alone. Construction wages have been flat since that time.