Talk about flight delays. The opening of a new airport in Berlin, under construction since 2006, has just been delayed – for the fourth time. Costs are, of course, out of control as well. So far the 100-per-cent government-owned project is coming at more than 50 per cent above the scheduled price.
It’s a universal problem. Nine out of 10 public infrastructure projects end up costing more than initially planned, according to by Bent Flyvbjerg of Oxford’s Said Business School, a proportion which has not changed much for seven decades.