Cost overruns in Dutch transportation infrastructure projects

Cantarelli, Chantal (2009) Cost overruns in Dutch transportation infrastructure projects. In: Colloquium Vervoersplanologisch Speurwerk, 21-22 November 2009, Antwerpen, Belgium. (Unpublished)

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Abstract

Investments in infrastructure are a large burden on a country’s gross domestic product. For example, in the year 2005 the Dutch government invested about 8 billion euros (CBS, 2005 in KIM, 2007) in infrastructure, which amounts to 1.55% of the gross domestic product of that year. This large amount is an even greater concern if one recognises the inefficient allocation of financial resources involved in infrastructure planning as a consequence of decisions taken by decision makers based on misinformation (Flyvbjerg, 2005, De Bruijn and Leijten, 2007). Estimates of the costs and benefits) of projects are inaccurate and consequently the ranking of projects based on project viability is inaccurate as well. Inevitably, this incorporates the danger that eventually inferior projects are implemented, that resources are used which could have been assigned more appropriately, and that projects are implemented which cannot recover their costs

Item Type: Conference or Workshop Item (Paper)
Keywords: Costing; project management; infrastructure
Subject(s): Project management
Centre: BT Centre for Major Programme Management
Date Deposited: 23 Mar 2012 16:57
Last Modified: 23 Oct 2015 14:06
URI: http://eureka.sbs.ox.ac.uk/id/eprint/2369

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