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<br />
<br />2
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<br />COLORADO RIVER STORAGE PROJECT
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<br />2. COST OF CONSTRUCTING, OPERATING, AND MA.INTAINING THE PROJECT
<br />
<br />l The cost of constructing the project to June 30, 1958, is reflected
<br />on the follo;11ng attached financial exhibits:
<br />Exhil1it A.-Oomparative balance sheets at June 30, 1958, and
<br />June 3.0,.1957; . .. . ..
<br />ExhIlht B.-Statement of source and apphcatIOn of funds and
<br />other credits as of June 30, 1958. -
<br />Exhibit A sets forth comparatively the financial condition of the
<br />project at June 30, 1958, and June 30, 1957. The cumulative funds
<br />and othcr cr.edits available to the project to June 30,. 1958, and how
<br />such funds al'd ?redits were u~ed or ~pplied ~r~ set forth on exhi.bi~ B
<br />bY' storage. umts, advance planmng aotIvIty, and tranSmIsSIOn
<br />dIvision. ;
<br />. Duringth~ second fiscal year of the project, whioh ended June 30,
<br />1958, activities were confined principally to construotion on 3 of the
<br />~ storage un)ts; aoquisition and construction of service facilities; con-
<br />tilmation of ,advance planning on the Ourecanti storage unit, and the
<br />11 participating projects authoriZed for construCtion by the act and
<br />preconstruction work on the transmission division.. Oosts incurred
<br />for t)1ese activities constitute the principal items of cost of constructing
<br />the l?rojecqb June .30, 1958, and' are summarizedasf<;>llows: .
<br />Aotivity: : - . Oo$ttodat~
<br />. Construction work in progress.,._~,~_n____________~_________ $41,862,636
<br />Service fapilities________ ________ _.:_______________________ 9, 167,240
<br />Investigation (advance plauning)_______________-________.._..; 2,262; 082
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<br />Total_______________________________~__~~~~__________ 53,291,958
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<br />. Details .with respeot to the foregoing, identified as to storage unit,
<br />partioipating projeot, .. advance planning activity or transmission
<br />division are shown respectively on schedules No.1, 2, and 3 attached.
<br />Highlights. of certain of the major construction and advance
<br />planning activities are set forth in the following paragraphs:
<br />
<br />Glen Oanyon8torage unit
<br />At June. 30, 1958, work on the $108 million prime contract for
<br />constructionj of the dam was on schedule with 17 percent of the work
<br />completed in 17 percent of the contract time. The access highways
<br />to the dam: site were completed. Oonstruction of the steel arch
<br />highway bridge spanning the canyon ofthe Oolorado and connecting
<br />the new hig)1ways was on schedule. The bridge is expected to be in
<br />use ahead of the contract completion date of February 1959.
<br />Excavation of the two diversion tunnels was completed and the
<br />concrete lining work was started. Diversion of the Oolorado River is
<br />planned by the contractor for low water in February 1959.
<br />In the town of Page, Ariz., temporary facilities were provided by
<br />contractors to serve a work force of approximately 1,500 employees in
<br />June 1958. 'A trailer camp, dormitories, mess halls, and a temporary
<br />shopping cen.ter are located in the contractors' portion of the town.
<br />Work on permanent features for the town continues with construction
<br />ofhouses./ streets, water and sewer systems, laboratory, warehouses,
<br />municipal building, and other structures.
<br />
<br />P'laming Gorge8wrage unit
<br />The contract lor the construction of the dam was awarded on
<br />June 18, 1958, to Arch Dam Oonstructors (Morrison-Knudsen,.
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