In the world of infrastructure development, cost overruns and delays are all too familiar. For road construction projects, these issues can be particularly acute, impacting not just the bottom line but also the broader economy. A recent study published in the *Journal of Innovative Transportation* (translated to English as “Journal of Innovative Transportation”) sheds light on the primary causes of these challenges, with a focus on Libya’s road construction sector. The research, led by Fares Tarhuni of Arkansas State University, offers valuable insights that could reshape how projects are planned and executed, not just in Libya but globally.
Tarhuni and his team conducted a comprehensive survey involving owners, consultants, and contractors involved in road projects in Libya. The study analyzed 163 completed questionnaires, examining 55 factors identified through an extensive literature review. The findings were clear: improper planning emerged as the leading cause of project delays and cost overruns. “Improper planning was consistently ranked as the most significant factor,” Tarhuni noted. “This highlights the critical need for thorough and accurate planning to mitigate risks and ensure project success.”
The top five issues identified by respondents were lack of experience with contracts, political instability, unrealistic contract durations, and insufficient details and specifications. These factors not only delay projects but also inflate costs, creating a ripple effect that can stifle economic growth. “Political instability, for instance, can lead to unpredictable changes in regulations and availability of resources, which can derail even the most well-planned projects,” Tarhuni explained.
The implications of this research extend beyond Libya. In the energy sector, where infrastructure projects are often large-scale and complex, understanding and mitigating these risks is crucial. “For energy projects, which often involve significant infrastructure development, addressing these factors can mean the difference between success and failure,” Tarhuni said. “By improving planning and risk management, companies can avoid costly delays and ensure that projects are completed on time and within budget.”
The study’s findings offer a roadmap for stakeholders to better manage delays and cost overruns. For policymakers, it underscores the need for stable political environments and clear regulations. For contractors and consultants, it highlights the importance of experience and detailed planning. For investors, it provides a framework for assessing risks and making informed decisions.
As the world continues to invest heavily in infrastructure, particularly in developing countries, the lessons from this research are more relevant than ever. By addressing the root causes of delays and cost overruns, stakeholders can ensure that projects are completed efficiently and effectively, driving economic growth and development. “This research is a call to action for all parties involved in construction projects to prioritize planning and risk management,” Tarhuni concluded. “By doing so, we can create a more sustainable and prosperous future for all.”
Published in the *Journal of Innovative Transportation*, this study serves as a critical resource for researchers, policymakers, and industry professionals. As the field continues to evolve, the insights gained from this research will undoubtedly shape future developments, ensuring that infrastructure projects are completed on time, within budget, and to the highest standards.