Physical infrastructure is becoming a key factor of growth for economies in several developing countries. It plays a crucial role in improving living standards and promoting regional cooperation and trade.
These projects are complex and consume a huge amount of construction capital, and require efficient coordination. Keeping track of all the moving pieces can get complicated in no time. Hence, the planning and managing aspects of these projects must be handled with great care. If not, these projects could lead to cost overruns and benefit shortfalls.