QUOTE(EvanDP @ Sun 17 Aug 2008 0318)

Dammit now I've got go watch my copy of the DVD.
Here in the states it was called "Five Million Years to Earth".
Its very good indeed, in fact its often admitted by the creators of the X files, that many of their finest ideas came from Nigel Kneale, the writer of the Quatermass series. He also inspired the creators of Doctor Who.
Incidentally there is a longer version on DVD, which is the original BBC teleplay that went out in the late 50s. (arguably better, though missing the excellent London Underground opening sequence of the film version) If you get the BBC boxed set it also features Quatermass 2 and the last surviving episode of the Quatermass experiment (Both of which were also made by Hammer into films).
Chris, now that you mention it, there is some similarity.

As long as they bring back some 6 foot tall amazonian warrior females, im all in favor of this flagrant waste of taxpayers money.
RE boring machine, the other possibility that springs to mind is that its building a tunnel on the nevada test site to conduct nuclear tests underground. However, the ICBM tag makes me think otherwise. I would also think they would hand the contract over to someone else rather than do the digging themselves.