Cost overruns in Swedish transport projects
AbstractCost 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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Bibliographic InfoPaper provided by CTS - Centre for Transport Studies Stockholm (KTH and VTI) in its series Working papers in Transport Economics with number 2011:11.
Length: 16 pages
Date of creation: 02 Nov 2011
Date of revision:
Contact details of provider:
Postal: Centrum för Transportstudier (CTS), Teknikringen 10, 100 44 Stockholm, Sweden
Web page: http://www.kth.se/abe/om_skolan/organisation/centra/cts
Cost overrun; cost estimates; actual costs; successive calculation; reference class forecasting;
Find related papers by JEL classification:
- R40 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - General
- R42 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - Transportation Economics - - - Government and Private Investment Analysis; Road Maintenance; Transportation Planning
This paper has been announced in the following NEP Reports:
- NEP-ALL-2011-11-07 (All new papers)
- NEP-EUR-2011-11-07 (Microeconomic European Issues)
- NEP-FOR-2011-11-07 (Forecasting)
- NEP-PPM-2011-11-07 (Project, Program & Portfolio Management)
- NEP-SEA-2011-11-07 (South East Asia)
- NEP-URE-2011-11-07 (Urban & Real Estate Economics)
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.:
- Odeck, James, 2004. "Cost overruns in road construction--what are their sizes and determinants?," Transport Policy, Elsevier, vol. 11(1), pages 43-53, January.
- 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.
- Eliasson, Jonas & Fosgerau, Mogens, 2013.
"Cost overruns and demand shortfalls – deception or selection?,"
49744, University Library of Munich, Germany.
- 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.
- Eliasson, Jonas & Fosgerau, Mogens, 2013. "Optimism bias in project appraisal: deception or selection?," Working papers in Transport Economics 2013:6, CTS - Centre for Transport Studies Stockholm (KTH and VTI).
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