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Cost overruns in Swedish transport projects

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Author Info

  • Lundberg, Mattias

    ()
    (CTS)

  • Jenpanitsub, Anchalee

    (Mass Rapid Transit Authority of Thailand)

  • Pyddoke, Roger

    ()
    (VTI)

Registered author(s):

    Abstract

    Cost overrun of transport projects is one of the most important problems in transport planning. It also makes the result of the cost-benefit analyses uncertain, thus decreasing their usefulness for decision making. In recent years more emphasis has been put on improving cost calculations and reducing cost overruns, in Sweden and internationally. Still cost overruns have not decreased. We find that the average cost overrun in Swedish road projects is similar to other countries, while it is lower than in other countries for rail. Small projects (

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    File URL: http://www.transportportal.se/SWoPEc/CTS2011-11.pdf
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    Bibliographic Info

    Paper provided by CTS - Centre for Transport Studies Stockholm (KTH and VTI) in its series Working papers in Transport Economics with number 2011:11.

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    Length: 16 pages
    Date of creation: 02 Nov 2011
    Date of revision:
    Handle: RePEc:hhs:ctswps:2011_011

    Contact details of provider:
    Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden
    Web page: http://www.cts.kth.se/

    Related research

    Keywords: Cost overrun; cost estimates; actual costs; successive calculation; reference class forecasting;

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    References

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    Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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    1. Ram Singh, 2009. "Delays and Cost Overruns in Infrastructure Projects -- An Enquiry into Extents, Causes and Remedies," Working papers 181, Centre for Development Economics, Delhi School of Economics.
    2. Odeck, James, 2004. "Cost overruns in road construction--what are their sizes and determinants?," Transport Policy, Elsevier, vol. 11(1), pages 43-53, January.
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    Citations

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    Cited by:
    1. Eliasson, Jonas & Fosgerau, Mogens, 2013. "Optimism bias in project appraisal: deception or selection?," Working papers in Transport Economics, CTS - Centre for Transport Studies Stockholm (KTH and VTI) 2013:6, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
    2. Eliasson, Jonas & Fosgerau, Mogens, 2013. "Cost overruns and demand shortfalls – Deception or selection?," Transportation Research Part B: Methodological, Elsevier, vol. 57(C), pages 105-113.

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