The costs of replacing the historic Edwards Bridge has blown out by about $1.6 million with councillors to decided whether to proceed with work on the South Warrnambool icon.
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Increased constructions costs brought on by the pandemic economic situation means it would now cost $4.6 million rather than estimated $3 million to replace the bridge - an increase in cost of more than 50 per cent.
The council secured $1.5 million from the Federal Government last year for the project, and the council was to chip in at least $1.5 million of its own money.
But prices for its replacement came back "higher than expected" after tenders for the design and construction were called for in May.
The council had considered splitting the tender to see if costs could be lowered, but it was decided any savings that may be achieved didn't outweigh the increased risks which could leave the council without anyone to construct the new bridge during next year's peak season.
The council also said any potential savings were not as high as they had hoped.
Councillors will vote on Monday night whether to proceed with the project and the recommendation to increase the budget for the project to $4.6 million.
It would also decide on whether to award the $4.36 million tender which accounts for the bulk of the costs for the replacement project.
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The council has applied for another $500,000 from the Federal Government to help cover the costs.
The shortfall would be covered out of council coffers.
Edwards Bridge, which is more than a century old, has passed its used by date and was in need of major upgrade, the council says.
The deterioration has meant heavy vehicles, including the town's buses, have been subject to load limits. Repair costs were also starting to mount with the bridge having undergone numerous upgrades in recent years.
The new-look bridge was set to retain its heritage feel.
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