IDEAS home Printed from https://ideas.repec.org/a/mgs/ijoied/v4y2019i5p20-30.html
   My bibliography  Save this article

Greening Kenya’s Special Economic Zones and Industrial Parks: Achieving their Competitiveness in the face of Resource Scarcity and a Changing Climate Regime

Author

Listed:
  • Amadi Alolote

    (School of the Built Environment University of Salford, UK)

Abstract

Ground conditions constitute a key risk factor that can ultimately determine the successful performance of construction contracts, with the literature reporting statistics of projects which have significantly exceeded their initial budget due to geotechnical uncertainties. The study explores the nature of geotechnical risk factors in transportation infrastructure projects, which potentially lead to cost overruns. The study provides a kaleidoscopic view of the various routes to managing risks due to the ground, at the preconstruction phases of highway projects, and how a lack thereof, can culminate to determine the trend of high-cost overruns in highway projects. The study findings reveal arguments and widely contested issues in geotechnical practice, which to various degrees, can have a significant financial impact on project completion cost in highway projects. The findings uncover various error traps and gaps in practice such as the lack of deterministic costing methods that better reflect heterogeneous ground conditions; insufficiency of preliminary geotechnical exploration; poor geotechnical risk containment in contracts as well as non-deployment of multi-dimensional geotechnically bespoke contractor selection algorithm. The study submits that these gaps in practice constitute the various trajectories through which geotechnical risk can trigger inefficiency and wastage of financial resources, leading to cost overruns in transportation infrastructure projects.

Suggested Citation

  • Amadi Alolote, 2019. "Greening Kenya’s Special Economic Zones and Industrial Parks: Achieving their Competitiveness in the face of Resource Scarcity and a Changing Climate Regime," International Journal of Innovation and Economic Development, Inovatus Services Ltd., vol. 4(5), pages 20-30, Dcember.
  • Handle: RePEc:mgs:ijoied:v:4:y:2019:i:5:p:20-30
    DOI: 10.18775/ijied.1849-7551-7020.2015.45.2002
    as

    Download full text from publisher

    File URL: https://researchleap.com/wp-content/uploads/2018/12/02.-The-Anatomy-of-Geotechnical-Risk-Factors-in-Transportation-Infrastructure-Projects.pdf
    Download Restriction: no

    File URL: https://researchleap.com/anatomy-geotechnical-risk-factors-transportation-infrastructure-projects/
    Download Restriction: no

    File URL: https://libkey.io/10.18775/ijied.1849-7551-7020.2015.45.2002?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Keywords

    Cost overruns; Geotechnical risk; Highway projects;
    All these keywords.

    JEL classification:

    • M00 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - General - - - General

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:mgs:ijoied:v:4:y:2019:i:5:p:20-30. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Bojan Obrenovic (email available below). General contact details of provider: https://researchleap.com/ .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.