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Tales on the dark side of the transport infrastructure provision: a systematic literature review of the determinants of cost overruns

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Cost overruns are an endemic feature of the provision of transport infrastructure worldwide. In recent decades, a considerable amount of studies has been devoted to assessing the magnitude and determinants of cost overruns in the transportation sector. However, the empirical findings are scattered between different strands of literature, ranging from the fields of construction engineering and management to that of applied economics. To shed light on the determinants of cost overruns in the execution of transport infrastructure projects, we conduct a systematic review of the empirical literature on the topic. Of the 945 articles retrieved, 26 articles published between 2000 and 2016 meet our inclusion criteria. For them, we describe the different empirical approaches, we provide a classification of the determinants employed in the analyses and summarise their impact on cost overruns. Finally, we suggest some directions for further research in the field.
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Keywords: Cost overruns; cost determinants; infrastructure provision; systematic literature review; transport infrastructure

Document Type: Research Article

Affiliations: Department of Economics and Business, University of Catania, Catania, Italy

Publication date: November 2, 2019

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