11% of Worldwide Major Projects Face Delay or Cancellation, Mace Report Finds

“Optimism bias”: Delayed or cancelled giga-projects risk $1.5 trillion worldwide loss  - Global Construction Review

A report by UK-headquartered Mace has analysed 5,000 mega- and giga-projects worldwide, finding that 11% are at risk of delays or cancellation, with a potential loss of $1.5tn in global economic growth by 2030. Mace defines a mega-project as a major programme costing $1bn or more, and a giga-project as costing $10bn or more. It says the number of projects in both categories – in sectors like energy, transportation and high-tech manufacturing –…

UK lags behind on major programme delivery, says Mace

The delivery of high-value construction programmes is accelerating globally, but new analysis has revealed how far behind the UK trails other countries. According to Mace’s 2025 report The Future of Major Programme Delivery, there has been a 280 per cent increase in the number of… The post UK lags behind on major programme delivery, says Mace appeared first on Construction News.

11% of worldwide major projects face delay or cancellation, Mace report finds

A new global analysis reveals that over one in 10 large-scale infrastructure projects face significant delays or risk cancellation, posing a substantial threat to economic growth worldwide. The post 11% of worldwide major projects face delay or cancellation, Mace report finds appeared first on New Civil Engineer.