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So there they go, the next 1.7 billion euros for Stuttgart 21. Although Deutsche Bahn has not yet officially confirmed the additional costs, one can assume that the prestigious project will once again be significantly more expensive. This means that the Stuttgart train station is sliding deeper into the vortex that has already swept away the Elbphilharmonie in Hamburg, the main line in Munich and the airport in Berlin. Everything takes longer, everything costs a lot more. Large construction projects degenerate into a tragedy that repeats itself too often.
Stuttgart 21: Another billion-dollar hole in major construction projects
So there they go, the next 1.7 billion euros for Stuttgart 21. Although Deutsche Bahn has not yet officially confirmed the additional costs, one can assume that the prestigious project will once again be significantly more expensive. This means that the Stuttgart train station is sliding deeper into the vortex that has already swept away the Elbphilharmonie in Hamburg, the main line in Munich and the airport in Berlin. Everything takes longer, everything costs a lot more. Large construction projects degenerate into a tragedy that repeats itself too often. According to a report from www.sueddeutsche.de, the renewed rise in costs for the Stuttgart 21 rail project represents a serious problem. This...
Stuttgart 21: Another billion-dollar hole in major construction projects
According to a report by www.sueddeutsche.de, the renewed rise in costs for the Stuttgart 21 rail project represents a serious problem. This cost explosion is an all-too-familiar phenomenon in large construction projects in Germany. Financing such projects is crucial for investors, depositors and the entire financial industry.
The increased costs for the Stuttgart 21 project will most likely lead to cuts in other areas of infrastructure and transport projects. This may impact the stock prices of construction companies, suppliers, financial institutions and other companies involved. Due to the uncertainty and potential financial consequences of cost overruns in construction projects, investors may become more risk-averse and more critical about financing such projects.
The repetition of cost explosions in large construction projects influences trust in the planning and implementation of such projects. In the long term, this could lead to investors being less willing to invest in large-scale infrastructural projects. The financial industry will therefore need to pay more attention to risk assessment and cost forecasting to protect against the potential impact of cost overruns on large-scale construction projects.
Read the source article at www.sueddeutsche.de