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Investors in such projects are the countries who own the abandoned projects, the UN, World Bank, international agencies and communities. What is more, it leads to the economic retardation of nations. How and why?
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Jul 10, 2019 · With Eurotunnel now in robust financial health, the time is ripe to re-evaluate the Chunnel project. We dig beneath the so-called ‘iron triangle’ project-level criteria of on time, on budget and to specification to acknowledge the achievements even under apparent failure.
- Hugh Goldsmith, Patrick Boeuf
- 2019
In preparing this write-up, research has been carried out, on some African countries, on some failed and abandoned project deliverables since the objective is to discover the causes of failure of already completed and handed-over deliverables. Some of the findings will be listed and later discussed in depths.
The research recommends that fund related causative factors of abandonment (adequate funding/capital budgeting) be given due consideration at the conceptual stage of projects; this will invariably minimize incidence of abandonment. Key words: The concept of abandonment; causes of abandonment; effects; remedies.
Case Study. The Chunnel Project. Introduction. The Channel Tunnel (Chunnel) project, launched to create a connection between England and France via an underground tunnel, represents one of the largest privately funded construction projects ever undertaken.
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Findings indicate that completed project abandonment exists in Ghana, and its economic, social, and environmental implications are considerable on the long-term sustainability of infrastructure development and the country's overall economic growth.
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By Stephen Jenner. Introduction. It’s almost an article of faith that somewhere between 50% and 70% of projects and programs fail. Studies by academics, professional bodies, consulting firms (and even Nobel Prize winners1), paint a depressing picture of consistent and continuing failure.
