Table 2 Cost overruns in construction projects
Project | Cost ($billions) | Cost overrun (%) | |
|---|---|---|---|
Initial estimate | Possible final | ||
Gautrain | 3.38 | 3.5 | 104 |
New Multi Products Pipeline | 2.25 | 2.4 | 107 |
Medupi Power Station | 12.24 | 22.2 | 181 |
Ingula Pumped Storage Scheme | 1.4 | 3 | 214 |
Gauteng Freeway Improvement Project | 3.1 | 10.4 | 335 |
Nklandla - President Zuma’s residence | 0.00431 | 0.0274 | 636 |