”NINE years ago the first concrete was poured for Berlin Brandenburg airport. It was expected to open in 2012, to cost \u20ac1.2bn ($1.8bn) and to welcome 34m passengers each year. Today the only people in its terminals are those with hard hats. Six times over budget, the project has had 66,500 building errors in need of fixing. Last year its spokesman was sacked after calling the project a \u201cshit-show\u201d and saying no manager who was not \u201caddicted to pills\u201d could guarantee an opening date.<\/p>\n
Berlin\u2019s airport is an extreme example of a broader problem. Superficially, the construction industry would seem healthy enough. The global market is worth $10trn. Euler Hermes, an insurer, expects 3.5% growth this year. Yet more than 90% of the world\u2019s infrastructure projects are either late or over-budget, says Bent Flyvbjerg of Sa\u00efd Business School at Oxford University. Even the sharpest of tech firms suffer. Apple\u2019s new headquarters in Silicon Valley opened two years behind schedule and cost $2bn more than budgeted. Smaller projects have similar woes. One survey of British architects found that 60% of their buildings were late….”<\/p>\n
To continue reading:\u00a0https:\/\/www.economist.com\/news\/business\/21726714-american-builders-productivity-has-plunged-half-late-1960s-efficiency-eludes?cid1=cust\/ednew\/n\/bl\/n\/20170817n\/owned\/n\/n\/nwl\/n\/n\/la\/56630\/n<\/p>","protected":false},"excerpt":{"rendered":"
”NINE years ago the first concrete was poured for Berlin Brandenburg airport. It was expected to open in 2012, to cost \u20ac1.2bn ($1.8bn) and to welcome 34m passengers each year. Today the only people in its terminals are those with hard hats. Six times over budget, the project has had 66,500 building errors in need […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":"","_et_gb_content_width":"","footnotes":""},"categories":[17,16],"tags":[],"_links":{"self":[{"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/posts\/25090"}],"collection":[{"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/comments?post=25090"}],"version-history":[{"count":2,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/posts\/25090\/revisions"}],"predecessor-version":[{"id":25092,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/posts\/25090\/revisions\/25092"}],"wp:attachment":[{"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/media?parent=25090"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/categories?post=25090"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/wealinternational.com.br\/en\/wp-json\/wp\/v2\/tags?post=25090"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}