The failure of transport megaprojects

Lessons from developed and developing countries

Luke Rose, Christoper Savage, Andrew Jenkins, Logan Fransman

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

Transport megaprojects are essential to economic growth and development, yet attract high risks and are prone to failure. Projects fail for a number of reasons and when they do, their impacts are severe. This is especially true in developing countries, where the cost of a project is typically far higher than those in developed countries, whose GDPs are much higher in relative terms. The purpose of this paper is to investigate the failures of megaprojects in developing and developed countries to establish as basis for comparison in the reasons for project failure. The study finds that projects in developing countries tend to be poorly justified in feasibility studies and under-resourced in operations, making them particularly prone to high failure rates.
Original languageEnglish
Title of host publication Pan­Pacific  Conference XXXIV
Subtitle of host publicationDesigning New Business Models in Developing Economies
EditorsSang M. Lee, Vincent Charles
PublisherPan-Pacific Business Association
Pages133-136
Number of pages4
ISBN (Electronic)1931649277
Publication statusPublished - 31 May 2017
EventPAN-PACIFIC CONFERENCE XXXIV: Designing New Business Models in Developing Economies - Lima, Peru
Duration: 29 May 201731 May 2017
Conference number: XXXIV
https://www.panpacificbusiness.org/docs/2017-Program.pdf (Link to Conference Programme)

Conference

ConferencePAN-PACIFIC CONFERENCE XXXIV
CountryPeru
CityLima
Period29/05/1731/05/17
Internet address

Fingerprint

Developing countries
Developed countries
Feasibility study
Project failure
Failure rate
Costs
Economic growth and development

Cite this

Rose, L., Savage, C., Jenkins, A., & Fransman, L. (2017). The failure of transport megaprojects: Lessons from developed and developing countries. In S. M. Lee, & V. Charles (Eds.),  Pan­Pacific  Conference XXXIV: Designing New Business Models in Developing Economies (pp. 133-136). Pan-Pacific Business Association.
Rose, Luke ; Savage, Christoper ; Jenkins, Andrew ; Fransman, Logan. / The failure of transport megaprojects : Lessons from developed and developing countries.  Pan­Pacific  Conference XXXIV: Designing New Business Models in Developing Economies. editor / Sang M. Lee ; Vincent Charles. Pan-Pacific Business Association, 2017. pp. 133-136
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title = "The failure of transport megaprojects: Lessons from developed and developing countries",
abstract = "Transport megaprojects are essential to economic growth and development, yet attract high risks and are prone to failure. Projects fail for a number of reasons and when they do, their impacts are severe. This is especially true in developing countries, where the cost of a project is typically far higher than those in developed countries, whose GDPs are much higher in relative terms. The purpose of this paper is to investigate the failures of megaprojects in developing and developed countries to establish as basis for comparison in the reasons for project failure. The study finds that projects in developing countries tend to be poorly justified in feasibility studies and under-resourced in operations, making them particularly prone to high failure rates.",
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Rose, L, Savage, C, Jenkins, A & Fransman, L 2017, The failure of transport megaprojects: Lessons from developed and developing countries. in SM Lee & V Charles (eds),  Pan­Pacific  Conference XXXIV: Designing New Business Models in Developing Economies. Pan-Pacific Business Association, pp. 133-136, PAN-PACIFIC CONFERENCE XXXIV, Lima, Peru, 29/05/17.

The failure of transport megaprojects : Lessons from developed and developing countries. / Rose, Luke; Savage, Christoper; Jenkins, Andrew; Fransman, Logan.

 Pan­Pacific  Conference XXXIV: Designing New Business Models in Developing Economies. ed. / Sang M. Lee; Vincent Charles. Pan-Pacific Business Association, 2017. p. 133-136.

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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AU - Fransman, Logan

N1 - Dates taken from Eprints HN 29/09/2017 Note from Eprints: 'Left as 'conference paper' though it has been published in conference proceedings in attached pdf. Though it has an ISBN this publication is not for available online or for purchase anywhere.'

PY - 2017/5/31

Y1 - 2017/5/31

N2 - Transport megaprojects are essential to economic growth and development, yet attract high risks and are prone to failure. Projects fail for a number of reasons and when they do, their impacts are severe. This is especially true in developing countries, where the cost of a project is typically far higher than those in developed countries, whose GDPs are much higher in relative terms. The purpose of this paper is to investigate the failures of megaprojects in developing and developed countries to establish as basis for comparison in the reasons for project failure. The study finds that projects in developing countries tend to be poorly justified in feasibility studies and under-resourced in operations, making them particularly prone to high failure rates.

AB - Transport megaprojects are essential to economic growth and development, yet attract high risks and are prone to failure. Projects fail for a number of reasons and when they do, their impacts are severe. This is especially true in developing countries, where the cost of a project is typically far higher than those in developed countries, whose GDPs are much higher in relative terms. The purpose of this paper is to investigate the failures of megaprojects in developing and developed countries to establish as basis for comparison in the reasons for project failure. The study finds that projects in developing countries tend to be poorly justified in feasibility studies and under-resourced in operations, making them particularly prone to high failure rates.

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BT -  Pan­Pacific  Conference XXXIV

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Rose L, Savage C, Jenkins A, Fransman L. The failure of transport megaprojects: Lessons from developed and developing countries. In Lee SM, Charles V, editors,  Pan­Pacific  Conference XXXIV: Designing New Business Models in Developing Economies. Pan-Pacific Business Association. 2017. p. 133-136