Editorial : Be alert to the root causes of cost overruns
文章日期:2017年12月8日

【明報專訊】SEVERE COST OVERRUNS of mega infrastructure projects in Hong Kong have become the norm. The MTR Corporation has recently disclosed that the main works of the Shatin to Central Link (SCL) have run over budget by 23 per cent and the cost may rise further. The company attributes 70 per cent of the overrun to "external factors". Since citizens have no access to the breakdown, they have no means of judging whether the overrun is justified. Mega infrastructure projects involve huge amounts of money and are therefore prone to malpractices and irregularities — and problems such as poor management, low efficiency and corruption. Cost overruns that haunt public projects may only be symptomatic of systemic problems. The government must be alert to whether such problems exist.

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