Cost Overruns in Large-Scale Transport Infrastructure Projects: A theoretical and empirical exploration for the Netherlands and worldwide

In the Netherlands, the costs of railroad infrastructure construction work out 11 per cent higher than forecast; the percentage for roads is 19 and 22 for bridges and tunnels. While this puts the Netherlands in a favourable light compared to other countries, the actual cost overruns are probably far higher, believes Chantal Cantarelli, who...