The Iron Law of Megaprojects

Megaprojects, such as high-speed rail, often face challenges as the majority of them are over time, over budget, or have lower benefits than expected. Experience in the specific type of project is crucial for success, yet it is often disregarded. California's high-speed rail project, which tripled its costs by 2011, serves as an example of this oversight by not leveraging the experience of overseas companies in building high-speed rail lines.