An investigation into the impact of governance on megaprojects

Abstract

Long-term infrastructure projects are often best judged with the benefit of hindsight. Many significant and important projects initially condemned as failures were later been regarded as great successes. Opinion can take years to deliver its final verdict. Megaprojects are the largest, most complex, and most inspiring forms of projects delivered around the world. They also have a poor track record for being delivered over-budget and late. In particular, Mega Transport Projects (MTP) regularly see cost blow outs of over 40%. The need for MTPs continues to grow, as more and more people live in urbanised cities and megaproject sponsors replace old and worn out transport systems with quicker, ..