cost overruns
Coverage of cost overruns in the Nexus archive.
- CDA seeks third-party forensic audit of IHC Legal Facilitation Centre project
The Capital Development Authority (CDA) is demanding a third-party forensic audit of the Islamabad High Court’s (IHC) Legal Facilitation Centre project due to concerns over cost overruns, unapproved variations, and transparency. The project’s cost has risen from Rs1.446 billion to over Rs2.07 billion, mirroring mismanagement issues seen in the main IHC building, which faced criticism for faulty infrastructure.
- Germany set to scrap plans to build its biggest warship since second world war
Germany is set to cancel its plan to build the F126 frigate, the largest warship since World War II, due to cost overruns and delays. Berlin has decided to ditch the programme after facing financial and scheduling challenges.
- BUDGET 2026-27: Political, fiscal reality to reshape uplift budget as NEC meets today
The National Economic Council (NEC) will review and potentially revise Rs4.715 trillion in federal and provincial development plans for 2026-27 amid fiscal constraints. The meeting addresses delays and cost overruns in mega projects, with 25% of ongoing projects facing cost overruns and 79% experiencing time overruns.
- World's largest wildlife crossing finally has an opening date
The world's largest wildlife bridge, the Wallis Annenberg Wildlife Crossing over the 101 Freeway in Agoura Hills, is set to open on Dec. 2 after delays and cost overruns pushed back the project by a year. Construction began four-and-a-half years ago.
- US justice department drops probe into Fed chairman Jerome Powell
The US Justice Department has dropped its investigation into Federal Reserve Chairman Jerome Powell. President Donald Trump had previously accused Powell of improper cost overruns during the renovation of the Fed's building.