Parley probes cost overruns, delays in public projects

Friday, September 15, 2017

Most public projects finish late and at extra costs

When it comes to government infrastructure projects, it seems that management problems and vast cost overruns are the order of the day.

In the last decades, large infrastructure projects have continued to bleed the country financially while denying the targeted citizens the desired benefits.

Amongst the outstanding projects that were unsuccessful in recent times are the FengYue Glass Manufacturing Company, which swallowed P500 million, as well as Morupule B power plant, which cost more than P11 billion but still required major refurbishments.

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Parley probes cost overruns, delays in public projects

When it comes to government infrastructure projects, it seems that management problems and vast cost overruns are the order of the day.