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vNM shells out for repair costs despite warranty

April 7, 2013 • State News

ALBUQUERQUE, N.M. (AP) — The state of New Mexico has had to pay nearly $14 million in unexpected repair costs for a stretch of U.S. 550 due to a liability limit that was included in a 20-year warranty on the reconstruction and widening of the highway between San Ysidro and Bloomfield.

The Albuquerque Journal reports (http://bit.ly/ZfBqY1) that the state so far has picked up about one-third of the $41 million spent to maintain the road under the warranty, which took effect in 2001. The loophole is expected to cost the state another $10 million before the warranty expires in eight years.

The state shelled out $62 million for the warranty on the Login to read more

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