The federal government has committed to doling out $186.7 billion on infrastructure projects over the next 12 years. This staggering figure is expected to fund many much-needed developments across the country.
But big public expenditures often elicit big worries about whether they can be built on budget and on time.
It isn’t hard to come up with examples of public projects going over budget, whether it’s Toronto’s Spadina subway extension incurring $400 million in overruns or the cost of the Muskrat Falls dam in Newfoundland and Labrador ballooning $4 billion from its original price.
But, according to Matti Siemiatycki, an expert on infrastructure financing and delivery at theRead More »from Why do big public infrastructure projects so frequently go over budget?