What causes cost overrun in transport infrastructure projects

Results from the first statistically significant study of the causes of cost escalation in transport infrastructure projects are presented. The study is based on a sample of 258 rail, bridge, tunnel and road projects worth US$90 billion. The focus is on the dependence of cost escalation on: (1) the...

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Bibliographic Details
Main Authors: Flyvbjerg, B, Holm, M, Buhl, S
Format: Journal article
Published: 2004