How common and how large are cost overruns in transport infrastructure projects ?

@inproceedings{Flyvbjerg2002HowCA,
  title={How common and how large are cost overruns in transport infrastructure projects ?},
  author={Bent Flyvbjerg and METTE and K. and Stian Holm and S{\'e}REN and L.. and Buhl},
  year={2002}
}
Despite the hundreds of billions of dollars being spent on infrastructure development Ð from roads, rail and airports to energy extraction and power networks to the Internet Ð surprisingly little reliable knowledge exists about the performance of these investments in terms of actual costs, bene®ts and risks. This paper presents results from the ®rst statistically signi®cant study of cost performance in transport infrastructure projects. The sample used is the largest of its kind, covering 258… CONTINUE READING
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