6 Energy Megaprojects That Blew Past Their Budgets

A growing share of the global economy is increasingly committed to large-scale, complex, and expensive undertakings involving massive infrastructure development and technological advancements, aka megaprojects. Annual worldwide spending on megaprojects such as high-speed railway systems, international airports, hydroelectric dams, motorways, power plants, wind and solar farms, as well as large public ICT systems to digitize tax, health, and pensions is estimated at between US$6 and US$8 trillion, or 8% of global GDP. Unfortunately, it has become…