Description - Megaprojects and Risk by Bent Flyvbjerg
Megaprojects and Risk provides the first detailed examination of the phenomenon of megaprojects. It is a fascinating account of how the promoters of multi-billion dollar megaprojects systematically and self-servingly misinform parliaments, the public and the media in order to get projects approved and built. It shows, in unusual depth, how the formula for approval is an unhealthy cocktail of underestimated costs, overestimated revenues, undervalued environmental impacts and overvalued economic development effects. This results in projects that are extremely risky, but where the risk is concealed from MPs, taxpayers and investors. The authors not only explore the problems but also suggest practical solutions drawing on theory, experience and hard, scientific evidence from the several hundred projects in twenty nations and five continents that illustrate the book. Accessibly written, it will be the standard reference for students, scholars, planners, economists, auditors, politicians and interested citizens for many years to come.
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(228mm x 152mm x 16mm)
Cambridge University Press
Publisher: Cambridge University Press
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Author Biography - Bent Flyvbjerg
Bent Flyvbjerg is Professor in the Department of Planning and Development at Aalborg University and author of the highly successful Making Social Science Matter (CUP 2001) and Rationality and Power (University of Chicago 1998). Nils Bruzelius is Associate Professor at Stockholm University and an independent consultant on transport and planning. Werner Rothengatter is Head of the Institute of Economic Policy Research and of the Unit on Transport and Communication at the University of Karlsruhe, Germany. He is also the president of the World Congress on Transport Research Society (WCTRS).