Counting the cost of megaprojects
Cost overruns already identified in just six current megaprojects exceeds a head spinning $26b. That’s one of the forensic and compelling observations made by Grattan Institute Economist, Marion Terrill at the MTF April meeting.
Looking at infrastructure projects over the past two decades, she has found that megaprojects are claiming the majority of government largess. Alarmingly, megaprojects tend to overrun by mega amounts – creating significantly higher bottom lines than intended.
Headlines from MTF Strategy survey
Thanks to the 20 councils that completed their survey responses. The strategic ABCs correlated strongly with council priorities.
Hear Jonathon on podcast
MTF Chair Jonathan Marsden was interviewed on our strategic priorities for the 7 April edition of Local Government News Roundup
“Cost overruns already identified in just six current megaprojects exceeds a head spinning $26b”
Marion Terrill, Grattan Institute