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The Indicator from Planet Money
Why California's high speed rail was always going to blow out
Jun 6, 2024
Bent Flyvbjerg & Dan Gardner discuss megaproject failures like California's high speed rail. Explore why 99.5% of projects go over budget or time, contrasting success of Sydney Opera House. Dive into challenges and planning errors with insights on project complexity and political opposition
09:22
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Quick takeaways
- Proper planning, attention to detail, and stakeholder engagement are crucial for mega project success.
- Experience plays a vital role in megaprojects; neglecting relevant experience can lead to costly mistakes.
Deep dives
Challenges of California High-Speed Rail Project
The podcast explores the challenges faced by the California high-speed rail project, including significant cost overruns and delays. California's initial $33 billion budget for the project had tripled by 2011, with costs continuing to rise. This project exemplifies common issues seen in mega projects, such as being over time, over budget, or delivering lower benefits than expected.
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Discover
highlights
Listen to the best highlights from the podcasts you love and dive into the full episode