According to one researcher, 80 years of data have indicated that two out of 1,000 rail projects deliver on budget, schedule and benefits, and there\u0027s a…
“If you decide to build rail projects, you have the odds against you,” Bent Flyvbjerg, an expert in mega-projects, told the LRT inquiry commissioner during a panel discussion on Thursday.
Flyvbjerg, a researcher and author, has been an adviser to government and businesses. He’s a professorAdvertisement 3According to Flyvbjerg, 80 years of data have indicated that two out of 1,000 rail projects deliver on budget, schedule and benefits. He said there’s a 70-per-cent risk that a rail project will exceed the budget.
There has been $115 million in council-approved contingency spending on the project, increasing the cost to $2.245 billion for Stage 1. The railway was contracted to be done in May 2018, but it didn’t open until September 2019 after a significant construction delay. A sinkhole swallowed part of Rideau Street above the LRT tunnel in 2016.
Flyvbjerg also criticized using “bespoke” elements that haven’t been used in other projects during the discussion Thursday.There has been heavy scrutiny during the inquiry on the P3 approach to procuring the LRT project. The model required RTG to secure financing and meet milestones to unlock payments from the city. The contract continues during the maintenance period, with RTG’s maintenance affiliate receiving payments from the city based on LRT availability.
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