The report, prepared by PwC, the professional services firm, for the European parliament, blames the €40bn ($63bn, £32bn) cost overrun on poor project management, planning difficulties, changes in project specifications, lawsuits and lack of funding. In 2004, the European Union identified 30 road, rail and sea transport schemes as priority projects for the purpose of integrating the economies of the bloc’s 27 member states, promoting their competitiveness and strengthening sustainable economic development.
More than half the bill is expected to fall on four countries - €62.7bn for Italy, €62bn for Spain, €41.4bn for France and €31.8bn for Germany. The UK’s costs are forecast to be €26.7bn.
Subscribe
Subscribe to IEMA's newsletters to receive timely articles, expert opinions, event announcements, and much more, directly in your inbox.
Posted on 10th April 2008
Latest Posts
-
IEMA focus on skills, adaptation and nature-based solutions in CCC report
- 18th July 2024 -
Labour's plan for economic growth must mean green growth – but there is a green skills gap looming
- 5th July 2024 -
As Labour plans to “slash red tape” for economic growth, YouGov poll finds 3 in 5 people want to increase public involvement in planning system
- 28th June 2024 -
Medtronic agrees partnership with IEMA to accelerate skills and standards in sustainability
- 21st June 2024 -
Landmark climate impact ruling for fossil fuel projects, cites IEMA guidance
- 20th June 2024 -
IEMA sets out 18 policy asks for the next Government
- 3rd June 2024