Seems high, but this is par for the course for this type of work. You would usually estimate this in terms of months for a team. Let's say a team of 4 for simplicity -- that brings it to ~3 months.

I'd also be careful with the term "programming hours". I'm not sure how the news article got that or who said that initially, but it seems like a misrepresentation of the type of work needed. That estimate almost certainly includes everything involved in getting the code to production. You can imagine that means a lot of QA, red tape and holding the code's hand through environments.