We’ve often heard that money talks, we have even believed it even though we know that our dollar bill doesn’t come with a long tongue! Okay, bad joke! The point is that money has the power to speak for itself because it equips humans with the capacity to develop society. Apart from education, what is a major way to do this? Construction, that’s right! Big, important, and expensive construction projects are the lifeline today, and money makes it happen. But how much money could you burn for such development projects? Loads of it, tons of it, way beyond your imagination! Oh, forget imagining, we have a list of 10 of the most expensive construction projects ever, it’ll leave you awestruck!
10: The Channel Tunnel – $22.4 Billion
Did you know that the Channel Tunnel is known as “Chunnel”? We must say it was a case of smart naming, 100 points for that! Anyway, Chunnel spans beneath the stretch of water between the southern coast of England and the northern coast of France. It comprises of 3 parts, 25 ft in diameter, and one service tunnel 16 ft in diameter, with each spanning 31 miles underground. Whoa, that is not small but then it also took a lot of time, the machines began working on it in 1988 and the tunnel was functional only in 1994! But the most interesting thing is that it cost fifteen French and British companies $22.4 billion to complete! That’s a lot of money and since it is controlled by the financing group Eurotunnel, we can say they have some real assets here!
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9: The Big Dig – $23.1 Billion (Expensive Construction Projects)
The Big Dig was one of the most expensive construction projects in the US and was plagued by cost overruns, delays, leaks, design flaws, charges of poor execution and use of substandard materials, criminal arrests, and one tragic death. Even though its planning began in 1982, the construction work was carried out between 1991 and 2006. That’s a long gap as you can see and when the project finally concluded on December 31, 2007, it was over ten years behind schedule! We’d call it unpardonable! But the worst part is that the delay cost millions of dollars more than it was expected to. All this happened because it was badly planned and went massively over budget, costing the taxpayers an estimated $23.1 billion! Isn’t that a little too much?
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