MEGAPROJECTS AND RISK. AN ANATOMY OF AMBITION

This book provides a detailed examination of the phenomenon of megaprojects. It is an insightful account of how the promoters of multi-billion-dollar infrastructure projects systematically and self-servingly misinform legislative bodies, the public, and the media in order to get projects approved and built. Explained are the underestimated costs, overestimated revenues, undervalued environmental impacts, and overvalued economic development effects that support the formula for approval. These factors result in projects that are extremely risky, but where the risk is concealed from policymakers, taxpayers, and investors. Practical solutions are suggested, drawing on theory and hard, scientific evidence from the several hundred projects in 20 nations that illustrate the book.

• Availability:
  • Find a library where document is available. Order URL: http://worldcat.org/isbn/0521009464
• Corporate Authors:

  Cambridge University Press

  Edinburgh Building, Shaftesbury Road
  Cambridge CB2 2RU,   England 
• Authors:
  • Flyvbjerg, B
  • Bruzelius, Nils
  • ROTHENGATTER, W
• Publication Date: 2003

Language

• English

Media Info

• Features: Figures; References; Tables;
• Pagination: 207 p.

Subject/Index Terms

• TRT Terms: Business practices; Construction management; Cost estimating; Development; Financing; Infrastructure; Megaprojects; Policy analysis; Project management; Risk analysis; Transportation policy
• Subject Areas: Administration and Management; Construction; Finance; Highways; Planning and Forecasting; Policy; I10: Economics and Administration; I72: Traffic and Transport Planning;

Filing Info

• Accession Number: 00943744
• Record Type: Publication
• ISBN: 0521009464
• Files: TRIS, ATRI
• Created Date: Jun 18 2003 12:00AM