The two remaining bidders vying to construct the deep-bore tunnel under downtown have submitted proposals to the state that come in at or below the $1.09 billion budget for this portion of the project, Governor Chris Gregoire announced at a waterfront press conference on October 29. However, the state won't release the actual amount of those bids until mid-December, after highway workers have evaluated the proposals.

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Fending off questions from reporters about the potential for cost overruns falling on Seattle as per state law, Gregoire said, "I am determined to get this project done on time and on budget."

But Mayor Mike McGinn told reporters, "I don't believe we can trust the governor." The state has mostly drained its $415 million contingency fund that would pay for cost overruns and inflation by giving away $255 million in concessions to the bidders in recent weeks—both evidence that the state can't cover overruns and proof the bids were artificially low, he said. recommended

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