Journal ArticleDOI
How common and how large are cost overruns in transport infrastructure projects
TLDR
In this article, the authors present results from the first statistically significant study of cost performance in transport infrastructure projects, covering 258 projects in 20 nations worth approximately US$90 billion (constant 1995 prices).About:
This article is published in Transport Reviews.The article was published on 2003-01-01. It has received 718 citations till now. The article focuses on the topics: Cost escalation & Cost effectiveness.read more
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The economics of urban transportation
Kenneth A. Small,Erik T. Verhoef +1 more
TL;DR: The global travel demand for transportation services is expected to grow at a faster pace than the rate of the global economy in the coming years, according to research published in the International Journal of Transportation and Logistics.
Posted Content
How (In)Accurate Are Demand Forecasts in Public Works Projects? The Case of Transportation
TL;DR: In this article, the authors present results from the first statistically significant study of traffic forecasts in transportation infrastructure projects, covering 210 projects in 14 nations worth US$59 billion, and show that forecasters generally do a poor job of estimating the demand for transportation infrastructures.
Posted Content
What Causes Cost Overrun in Transport Infrastructure Projects
TL;DR: In this paper, the authors present the first statistically significant study of the causes of cost escalation in transport infrastructure projects and find that cost escalation is strongly dependent on the length of the implementation phase.
Journal ArticleDOI
How (In)accurate Are Demand Forecasts in Public Works Projects? The Case of Transportation
TL;DR: In this article, the authors present results from the first statistically significant study of traffic forecasts in transportation infrastructure projects, covering 210 projects in 14 nations worth US$59 billion, and show that forecasters generally do a poor job of estimating the demand for transportation infrastructures.
References
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Globalization: The Human Consequences
TL;DR: In this article, the authors present a career report on the Space Wars: a Career Report, with a focus on tourists and vagabonds in the field of law and order.
MonographDOI
Megaprojects and Risk: An Anatomy of Ambition
TL;DR: In this paper, the authors explore the role of politicians and the public in the process of land-use development megaprojects and suggest practical solutions drawing on theory and scientific evidence from the several hundred projects in twenty nations and five continents.
Journal ArticleDOI
The death of distance : how the communications revolution will change our lives
TL;DR: The Trendspotter's Guide to New Communications is a guide to the communications revolution from the perspective of a 21st-Century perspective.
Posted Content
Kostenunterschätzung bei öffentlichen bauprojekten: fehler oder lüge? (Underestimating Costs in Public Works Projects: Error or Lie?)
TL;DR: In this paper, the authors present a comparative study of actual and estimated costs in transportation infrastructure development, with a sample of 66 transportation projects, which approaches a large-sample study and takes a step toward valid statistical analysis.
Journal ArticleDOI
Underestimating Costs in Public Works Projects: Error or Lie?
TL;DR: In this paper, the authors present results from the first statistically significant study of cost escalation in transportation infrastructure projects and find that the cost estimates used to decide whether such projects should be built are highly and systematically misleading.