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How common and how large are cost overruns in transport infrastructure projects?

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  1. Erica Bosio & Simeon Djankov & Edward Glaeser & Andrei Shleifer, 2022. "Public Procurement in Law and Practice," American Economic Review, American Economic Association, vol. 112(4), pages 1091-1117, April.
  2. Volden, Gro Holst, 2018. "Public project success as seen in a broad perspective," Evaluation and Program Planning, Elsevier, vol. 69(C), pages 109-117.
  3. White, Laura & Rochet, Jean-Louis & Mathias, Pete & O'Gorman, Kate & Bilmes, Linda, 2017. "Connecting the Northeast: A Cost Estimate for the North South Rail Link," Working Paper Series rwp17-032, Harvard University, John F. Kennedy School of Government.
  4. Chantal C. Cantarelli & Bert van Wee & Eric J. E. Molin & Bent Flyvbjerg, 2013. "Different Cost Performance: Different Determinants? The Case of Cost Overruns in Dutch Transportation Infrastructure Projects," Papers 1307.2179, arXiv.org, revised Jan 2015.
  5. Cantarelli, C.C. & van Wee, B. & Molin, E.J.E. & Flyvbjerg, B., 2012. "Different cost performance: different determinants?," Transport Policy, Elsevier, vol. 22(C), pages 88-95.
  6. Ganuza, Juan-José & Llobet, Gerard, 2020. "The simple economics of white elephants," Mathematical Social Sciences, Elsevier, vol. 106(C), pages 91-100.
  7. José Martins & Rui Cunha Marques & Carlos Oliveira Cruz & Álvaro Fonseca, 2017. "Flexibility in planning and development of a container terminal: an application of an American-style call option," Transportation Planning and Technology, Taylor & Francis Journals, vol. 40(7), pages 828-840, October.
  8. Mauro Bambi & Cristina Girolami & Salvatore Federico & Fausto Gozzi, 2017. "Generically distributed investments on flexible projects and endogenous growth," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 63(2), pages 521-558, February.
  9. Ernst ten Heuvelhof & Martijn Leijten, 2013. "New Public Management and the new features of strategic behaviour," Chapters, in: Hugo Priemus & Bert van Wee (ed.), International Handbook on Mega-Projects, chapter 6, pages 111-130, Edward Elgar Publishing.
  10. C. Guccio & G. Pignataro & I. Rizzo, 2012. "Determinants of adaptation costs in procurement: an empirical estimation on Italian public works contracts," Applied Economics, Taylor & Francis Journals, vol. 44(15), pages 1891-1909, May.
  11. Paul Collier & Martina Kirchberger & Måns Söderbom, 2016. "The Cost of Road Infrastructure in Low- and Middle-Income Countries," The World Bank Economic Review, World Bank, vol. 30(3), pages 522-548.
  12. Cantarelli, C.C. & Molin, E.J.E. & van Wee, B. & Flyvbjerg, B., 2012. "Characteristics of cost overruns for Dutch transport infrastructure projects and the importance of the decision to build and project phases," Transport Policy, Elsevier, vol. 22(C), pages 49-56.
  13. Cantarelli, C.C. & Flyvbjerg, B. & Buhl, S.L., 2012. "Geographical variation in project cost performance: the Netherlands versus worldwide," Journal of Transport Geography, Elsevier, vol. 24(C), pages 324-331.
  14. Hultkrantz, Lars & A. Krüger, Niclas & Mantalos, Panagiotis, 2014. "Risk-adjusted long-term social rates of discount for transportation infrastructure investment," Research in Transportation Economics, Elsevier, vol. 47(C), pages 70-81.
  15. David Banister & Michael Browne & Moshe Givoni, 2010. "Transport Reviews—The 30-super-th Anniversary of the Journal," Transport Reviews, Taylor & Francis Journals, vol. 30(1), pages 1-10, January.
  16. Lindsey, Robin & de Palma, André, 2014. "Cost recovery from congestion tolls with long-run uncertainty," Economics of Transportation, Elsevier, vol. 3(2), pages 119-132.
  17. Nandita Vadali & Anand Prakash Tiwari & Thillai Rajan A., 2014. "Effect of the Political Environment on Public Private Partnership Projects," Journal of Infrastructure Development, India Development Foundation, vol. 6(2), pages 145-165, December.
  18. Gallego, Jorge & Rivero, Gonzalo & Martínez, Juan, 2021. "Preventing rather than punishing: An early warning model of malfeasance in public procurement," International Journal of Forecasting, Elsevier, vol. 37(1), pages 360-377.
  19. Cavalieri, Marina & Cristaudo, Rossana & Guccio, Calogero, 2019. "On the magnitude of cost overruns throughout the project life-cycle: An assessment for the Italian transport infrastructure projects," Transport Policy, Elsevier, vol. 79(C), pages 21-36.
  20. Abdullah M. Alsugair, 2022. "Cost Deviation Model of Construction Projects in Saudi Arabia Using PLS-SEM," Sustainability, MDPI, vol. 14(24), pages 1-21, December.
  21. Holz-Rau, Christian & Scheiner, Joachim, 2011. "Safety and travel time in cost-benefit analysis: A sensitivity analysis for North Rhine-Westphalia," Transport Policy, Elsevier, vol. 18(2), pages 336-346, March.
  22. Iyer K. Chandrashekhar & Banerjee Partha S., 2016. "Project ambidexterity: case of recovering schedule delay in a brownfield airport project in India," Organization, Technology and Management in Construction, Sciendo, vol. 8(1), pages 1464-1481, December.
  23. Santanu Chatterjee & Olaf Posch & Dennis Wesselbaum, 2017. "Delays in Public Goods," CESifo Working Paper Series 6341, CESifo.
  24. Molinari, Laura & Haezendonck, Elvira & Mabillard, Vincent, 2023. "Cost overruns of Belgian transport infrastructure projects: Analyzing variations over three land transport modes and two project phases," Transport Policy, Elsevier, vol. 134(C), pages 167-179.
  25. Miranda Sarmento, J.J. & Renneboog, Luc, 2017. "Cost overruns in public sector investment projects," Other publications TiSEM 51799a3e-4c78-4dbd-b330-b, Tilburg University, School of Economics and Management.
  26. Fang, F., 2019. "When performance shortfall arises, contract or trust? A multi-method study of the impact of contractual and relational governances on performance in public – private partnerships," Other publications TiSEM 473840ee-6945-4a93-9326-5, Tilburg University, School of Economics and Management.
  27. Gabriela Dufková, 2022. "Time and Budget Overruns on Czech International Development Projects," Journal of Economics / Ekonomicky casopis, Institute of Economic Research, Slovak Academy of Sciences, vol. 70(7-8), pages 622-645, July.
  28. Pessino, Carola & Izquierdo, Alejandro & Vuletin, Guillermo, 2018. "Better Spending for Better Lives: How Latin America and the Caribbean Can Do More with Less," IDB Publications (Books), Inter-American Development Bank, number 9152.
  29. Love, Peter E.D. & Ika, Lavagnon A. & Ahiaga-Dagbui, Dominic D., 2019. "On de-bunking ‘fake news’ in a post truth era: Why does the Planning Fallacy explanation for cost overruns fall short?," Transportation Research Part A: Policy and Practice, Elsevier, vol. 126(C), pages 397-408.
  30. Prakash, Nishith & Rockmore, Marc & Uppal, Yogesh, 2019. "Do criminally accused politicians affect economic outcomes? Evidence from India," Journal of Development Economics, Elsevier, vol. 141(C).
  31. Brian Taylor & Eric Morris, 2015. "Public transportation objectives and rider demographics: are transit’s priorities poor public policy?," Transportation, Springer, vol. 42(2), pages 347-367, March.
  32. van den Berg, Vincent A.C. & Rouwendal, Jan, 2016. "Tender auctions with existing operators bidding," Economics of Transportation, Elsevier, vol. 6(C), pages 1-10.
  33. Bent Flyvbjerg & Alexander Budzier, 2018. "Report for the Edinburgh Tram Inquiry," Papers 1805.12106, arXiv.org.
  34. Atle Oglend & Petter Osmundsen & Sindre Lorentzen, 2016. "Cost Overrun at the Norwegian Continental Shelf: The Element of Surprise," CESifo Working Paper Series 5886, CESifo.
  35. Huimin Liu & Canhui Jiang & Yan Liu & Marcel Hertogh & Xue Lyu, 2018. "Optimism Bias Evaluation and Decision-Making Risk Forecast on Bridge Project Cost Based on Reference Class Forecasting: Evidence from China," Sustainability, MDPI, vol. 10(11), pages 1-29, October.
  36. Chantal C. Cantarelli & Bent Flybjerg & Eric J. E. Molin & Bert van Wee, 2013. "Cost overruns in Large-Scale Transportation Infrastructure Projects: Explanations and Their Theoretical Embeddedness," Papers 1307.2176, arXiv.org.
  37. Francisco Pinheiro Catalão & Carlos Oliveira Cruz & Joaquim Miranda Sarmento, 2023. "The entanglement of time and cost deviations in public projects," Annals of Public and Cooperative Economics, Wiley Blackwell, vol. 94(1), pages 241-272, March.
  38. Fazekas, Mihály & Tóth, Bence, 2018. "The extent and cost of corruption in transport infrastructure. New evidence from Europe," Transportation Research Part A: Policy and Practice, Elsevier, vol. 113(C), pages 35-54.
  39. Dejan Makovšek & Marian Moszoro, 2018. "Risk pricing inefficiency in public–private partnerships," Transport Reviews, Taylor & Francis Journals, vol. 38(3), pages 298-321, May.
  40. Rubina Canesi & Beatrice Gallo, 2023. "Risk Assessment in Sustainable Infrastructure Development Projects: A Tool for Mitigating Cost Overruns," Land, MDPI, vol. 13(1), pages 1-24, December.
  41. Olav Torp & Ole Jonny Klakegg, 2016. "Challenges in Cost Estimation under Uncertainty—A Case Study of the Decommissioning of Barsebäck Nuclear Power Plant," Administrative Sciences, MDPI, vol. 6(4), pages 1-21, October.
  42. Mouter, Niek & Annema, Jan Anne & van Wee, Bert, 2013. "Ranking the substantive problems in the Dutch Cost–Benefit Analysis practice," Transportation Research Part A: Policy and Practice, Elsevier, vol. 49(C), pages 241-255.
  43. Lindsey, Robin, 2012. "Road pricing and investment," Economics of Transportation, Elsevier, vol. 1(1), pages 49-63.
  44. Peter E D Love & Jim Smith & Ian Simpson & Michael Regan & Oluwole Olatunji, 2015. "Understanding the Landscape of Overruns in Transport Infrastructure Projects," Environment and Planning B, , vol. 42(3), pages 490-509, June.
  45. Stefano Moroni, 2014. "Grandi e piccole opere Per un?azione pubblica responsabile," SCIENZE REGIONALI, FrancoAngeli Editore, vol. 2014(3), pages 103-112.
  46. Mauro Bambi & Cristina Di Girolami & Salvatore Federico & Fausto Gozzi, 2014. "On the Consequences of Generically Distributed Investments on Flexible Projects in an Endogenous Growth Model," Discussion Papers 14/15, Department of Economics, University of York.
  47. Lisa Hansson & Lena Nerhagen, 2019. "Regulatory Measurements in Policy Coordinated Practices: The Case of Promoting Renewable Energy and Cleaner Transport in Sweden," Sustainability, MDPI, vol. 11(6), pages 1-18, March.
  48. Nogues Comas,Antoni Albert & Mendes Dos Santos,Nuno Filipe, 2021. "Measuring Public Procurement Rules and Practices : Benchmarking a Recurrent Infrastructure Contract," Policy Research Working Paper Series 9651, The World Bank.
  49. Salling, Kim Bang & Banister, David, 2009. "Assessment of large transport infrastructure projects: The CBA-DK model," Transportation Research Part A: Policy and Practice, Elsevier, vol. 43(9-10), pages 800-813, November.
  50. Chong, Uven & Hopkins, Omar, 2016. "An international experience on the evolution of road costs during the project life cycle," Transport Policy, Elsevier, vol. 48(C), pages 60-66.
  51. Giezen, Mendel & Salet, Willem & Bertolini, Luca, 2015. "Adding value to the decision-making process of mega projects: Fostering strategic ambiguity, redundancy, and resilience," Transport Policy, Elsevier, vol. 44(C), pages 169-178.
  52. Börjesson, Maria & Jonsson, R. Daniel & Lundberg, Mattias, 2014. "An ex-post CBA for the Stockholm Metro," Transportation Research Part A: Policy and Practice, Elsevier, vol. 70(C), pages 135-148.
  53. Jorge Valido, 2020. "Large Infrastructure Investments: Financing Mechanisms and Incentives in Decentralised Countries," Fiscal Studies, John Wiley & Sons, vol. 41(4), pages 905-921, December.
  54. Love, Peter E.D. & Sing, Michael C.P. & Ika, Lavagnon A. & Newton, Sidney, 2019. "The cost performance of transportation projects: The fallacy of the Planning Fallacy account," Transportation Research Part A: Policy and Practice, Elsevier, vol. 122(C), pages 1-20.
  55. Saqib Mehmood & Jianqiang Fan & Idris Salim Dokota & Samera Nazir & Zarish Nazir, 2024. "How to Manage Supply Chains Successfully in Transport Infrastructure Projects," Sustainability, MDPI, vol. 16(2), pages 1-28, January.
  56. Per Erik Eriksson & Stefan Olander & Henrik Szentes & Kristian Widén, 2014. "Managing short-term efficiency and long-term development through industrialized construction," Construction Management and Economics, Taylor & Francis Journals, vol. 32(1-2), pages 97-108, February.
  57. Bucciol, Alessandro & Chillemi, Ottorino & Palazzi, Giacomo, 2013. "Cost overrun and auction format in small size public works," European Journal of Political Economy, Elsevier, vol. 30(C), pages 35-42.
  58. Juan-José Ganuza & Gerard Llobet, 2017. "The Simple Economics of White Elephants," Working Papers wp2018_1701, CEMFI.
  59. Agnieszka Huterska, 2017. "Public-Private Partnership in Building Sustainable Development of the Kuyavian-Pomeranian Voivodship," European Journal of Interdisciplinary Studies Articles, Revistia Research and Publishing, vol. 3, September.
  60. Vincent van den Berg, 2013. "Over- and Under-Bidding in Tendering," Tinbergen Institute Discussion Papers 13-033/VIII, Tinbergen Institute.
  61. Shahin Shakibaei & Pelin Alpkokin, 2019. "Conflict Resolution in Competitive Liberalized Railway Market: Application of Game Theoretic Concepts," International Game Theory Review (IGTR), World Scientific Publishing Co. Pte. Ltd., vol. 22(01), pages 1-21, November.
  62. Vincent van den Berg, 2012. "Advantaged Bidders in Franchise Auctions," Tinbergen Institute Discussion Papers 12-117/VIII, Tinbergen Institute.
  63. Osmundsen, Petter & Roll, Kristin Helen, 2016. "Rig rates and drilling speed: reinforcing effects," UiS Working Papers in Economics and Finance 2016/4, University of Stavanger.
  64. Lane, Bradley W., 2008. "Significant characteristics of the urban rail renaissance in the United States: A discriminant analysis," Transportation Research Part A: Policy and Practice, Elsevier, vol. 42(2), pages 279-295, February.
  65. Checherita, Cristina & Gifford, Jonathan, 2007. "Risk Sharing in Public-Private Partnerships: General Considerations and an Evaluation of the U.S. Practice in Road Transportation," 48th Annual Transportation Research Forum, Boston, Massachusetts, March 15-17, 2007 207820, Transportation Research Forum.
  66. Sivakumaran, Karthik & Li, Yuwei & Cassidy, Michael & Madanat, Samer, 2014. "Access and the choice of transit technology," Transportation Research Part A: Policy and Practice, Elsevier, vol. 59(C), pages 204-221.
  67. Salling, Kim Bang & Leleur, Steen, 2015. "Accounting for the inaccuracies in demand forecasts and construction cost estimations in transport project evaluation," Transport Policy, Elsevier, vol. 38(C), pages 8-18.
  68. Abeysekara, Baudhi & Perera, Piyaruwan & Chhipi Shrestha, Gyan Kumar & Gunaruwan, Lalithasiri & Kumarage, Amal & Sadiq, Rehan & Hewage, Kasun, 2021. "Improving the capital deployment efficiency: An infrastructure investment planning process in transportation project," Research in Transportation Economics, Elsevier, vol. 88(C).
  69. Barfod, Michael Bruhn & Salling, Kim Bang, 2015. "A new composite decision support framework for strategic and sustainable transport appraisals," Transportation Research Part A: Policy and Practice, Elsevier, vol. 72(C), pages 1-15.
  70. Locatelli, Giorgio & Invernizzi, Diletta Colette & Brookes, Naomi J., 2017. "Project characteristics and performance in Europe: An empirical analysis for large transport infrastructure projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 98(C), pages 108-122.
  71. Makovšek, Dejan, 2014. "Systematic construction risk, cost estimation mechanism and unit price movements," Transport Policy, Elsevier, vol. 35(C), pages 135-145.
  72. Miranda Sarmento, J.J., 2014. "Public private partnerships," Other publications TiSEM c7d4c978-234c-4f88-83ed-1, Tilburg University, School of Economics and Management.
  73. Catalão, Francisco Pinheiro & Cruz, Carlos Oliveira & Sarmento, Joaquim Miranda, 2019. "The determinants of cost deviations and overruns in transport projects, an endogenous models approach," Transport Policy, Elsevier, vol. 74(C), pages 224-238.
  74. Guccio, Calogero & Pignataro, Giacomo & Rizzo, Ilde, 2014. "Do local governments do it better? Analysis of time performance in the execution of public works," European Journal of Political Economy, Elsevier, vol. 34(C), pages 237-252.
  75. Campa, Juan Luis & Arce, Rosa & López-Lambas, María Eugenia & Guirao, Begoña, 2018. "Can HSR improve the mobility of international tourists visiting Spain? Territorial evidence derived from the Spanish experience," Journal of Transport Geography, Elsevier, vol. 73(C), pages 94-107.
  76. Schubert, Daniel & Sys, Christa & Vanelslander, Thierry & Roumboutsos, Athena, 2022. "No-queue road pricing: A comprehensive policy instrument for Europe?," Utilities Policy, Elsevier, vol. 78(C).
  77. Christos Ellinas & Christos Nicolaides & Naoki Masuda, 2022. "Mitigation strategies against cascading failures within a project activity network," Journal of Computational Social Science, Springer, vol. 5(1), pages 383-400, May.
  78. Joseph Sturm & Mashrur Chowdhury & Anne Dunning & Jennifer Ogle, 2011. "Analysis of cost estimation disclosure in environmental impact statements for surface transportation projects," Transportation, Springer, vol. 38(3), pages 525-544, May.
  79. Ram Singh, 2018. "Public–private partnerships vs. traditional contracts for highways," Indian Economic Review, Springer, vol. 53(1), pages 29-63, December.
  80. Love, Peter E.D. & Ahiaga-Dagbui, Dominic D., 2018. "Debunking fake news in a post-truth era: The plausible untruths of cost underestimation in transport infrastructure projects," Transportation Research Part A: Policy and Practice, Elsevier, vol. 113(C), pages 357-368.
  81. Hansson, Lisa, 2020. "Public administrators’ roles in the policy adaptation of transport directives: How knowledge is created and reproduced," Transport Policy, Elsevier, vol. 98(C), pages 208-216.
  82. Andrew Sudmant & Vincent Viguié & Quentin Lepetit & Lucy Oates & Abhijit Datey & Andy Gouldson & David Watling, 2021. "Fair weather forecasting? The shortcomings of big data for sustainable development, a case study from Hubballi‐Dharwad, India," Sustainable Development, John Wiley & Sons, Ltd., vol. 29(6), pages 1237-1248, November.
  83. Steininger, Bertram & Groth, Martin & Weber, Birgitte, 2020. "Cost overruns and delays in infrastructure projects: the case of Stuttgart 21," Working Paper Series 20/11, Royal Institute of Technology, Department of Real Estate and Construction Management & Banking and Finance.
  84. Tobias Onshuus Malvik & Agnar Johansen & Olav Torp & Nils O. E. Olsson, 2021. "Evaluation of Target Value Delivery and Opportunity Management as Complementary Practices," Sustainability, MDPI, vol. 13(14), pages 1-19, July.
  85. Välilä, Timo, 2020. "An overview of economic theory and evidence of public-private partnerships in the procurement of (transport) infrastructure," Utilities Policy, Elsevier, vol. 62(C).
  86. Jarosław Górecki & Manuel Díaz-Madroñero, 2020. "Who Risks and Wins?—Simulated Cost Variance in Sustainable Construction Projects," Sustainability, MDPI, vol. 12(8), pages 1-31, April.
  87. Odeck, James, 2014. "Do reforms reduce the magnitudes of cost overruns in road projects? Statistical evidence from Norway," Transportation Research Part A: Policy and Practice, Elsevier, vol. 65(C), pages 68-79.
  88. Steen Lichtenberg, 2016. "Successful Control of Major Project Budgets," Administrative Sciences, MDPI, vol. 6(3), pages 1-14, July.
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