07 August 2017

Muskrat, risk, and memory #nlpoli

There's a great column in Saturday's Telegram by Pam Frampton that anyone concerned about Muskrat Falls should read.  It's the latest in a string of columns that Pam's been writing about the troubled megadebt project and events in 2013 around the time that the major contractor on the project produced a memorandum about huge risks that needed attention.

In the very first sentence,  Pam mentions a book she's apparently just been reading.  It's called Megaprojects and risk.  It's written by three Scandinavian scientists who studied huge construction projects to try and find out why they tend to go wildly over-budget. They found that the folks behind gigantic projects over-estimate the benefits and underestimate the costs.

Note the date of Pam's column.

2017.