From Vogtle to Trans Mountain: Pegasus cites repeated cost escalations in mega projects
Pegasus presented several international and U.S. case studies — including Vogtle, Trans Mountain, Mountain Valley and the Atlantic Coast pipeline — showing recurring cost overruns and permitting or legal obstacles that delayed or canceled projects.
The full story
Pegasus used multiple case studies to show typical drivers of cost escalation and delay in very large infrastructure projects. The Vogtle nuclear expansion (Units 3 and 4) was cited as a recent U.S. example that climbed from an early $14 billion estimate to roughly $36 billion at completion and took about seven years longer than planned. Joe Miller and Jeremy Clark attributed such escalations to a blend of technical, contractual and permitting challenges.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.