Last week we (as well as many other blogs and news outlets) posted about how The World Trade Center Transportation Hub project was dramatically over-budget. Construction projects rife with cost overruns are not an American issue but a global one. Below is a list of the countries with the most over-budget construction projects.
Forbes contributor, Niall McCarthy writes,
“Even the stereotypically efficient Germans have proven they aren’t immune to snowballing budgets on major construction projects with both the new airport in Berlin and the Elbphilharmonie in Hamburg running embarrassingly late with massive cost overruns.”