MEGAPROJECTS
definition
AINUL JASMEEN AINUL ZUHAIRI
What is megaprojects?
• Sometimes called “major program”• Extremely large-scale investment project• Usually cost more than US$ 1 billion• Attracting a lot of public attention because of substantial impacts on
communities, environment and budgets• "Mega" also implies the size of the task involved in developing, planning,
and managing projects of this magnitude.• can also be defined as "initiatives that are physical, very expensive, and
public“• Other projects that cost less than $1 billion are sometimes also called
megaprojects, it depends on the context. Example, projects less than 1 billion in a medium sized town may be considered “mega”, this would not be necessarily be the case for a similar sized project in a major world city.
AINUL JASMEEN AINUL ZUHAIRI
• Most common megaprojects are in the categories of hydroelectric facilities, nuclear power plants and large public transportation projects
• Care in the project development process may be needed to reduce any possible optimism bias which can cause delays, cost overruns when expensive projects are built.
• Regional development effects and environmental impacts often turn out very differently from what proponents promised. Cost overruns combined with benefit shortfalls spell trouble.
• Become the measurement of success
AINUL JASMEEN AINUL ZUHAIRI
List of megaprojects
• Airport projects-transportation (KLIA-$2.36 billion)
• Building projects--Government (Putrajaya- $5.26billion)-Private (Petronas Twin Towers-
RM 1.8 billion)-Education (UTP)
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• Dam projects- Bakun Dam, Sarawak, (second tallest concrete-faced rockfill dam in the worldto generate electricity)
• Stadiums-(Stadium Shah Alam)• Information Technology- (Cyberjaya)• Bridge and highway projects• Rail and rapid transit projects- (MRT-Mass
Rapid Transit)
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• Planned cities and urban renewal projects (Putrajaya)• Water infrastructure –services (Stormwater Management and Road
Tunnel- SMART, KL- RM1.9 billion)• Military projects- Great wall of china (built to protect the northern borders
of the Chinese empire against intrusions by various nomadic groups)
AINUL JASMEEN AINUL ZUHAIRI
References
• http://en.wikipedia.org/wiki/Megaproject• http://flyvbjerg.plan.aau.dk/whatisamegaproject.php• http://www.atimes.com/se-asia/AI03Ae02.html