A Y U S H

12 Sep 2019 42 views
 
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photoblog image Transport by Road 2: Economics

Transport by Road 2: Economics

Eventually the MCE cost 4.3 billion SGD. Understandably, there were questions from all quarters of Singapore as to how was this going to be explained. For projects of this magnitude that run for several years, however, I feel it is indeed difficult if not impossible, to get everything correct within a decimal point. Some 'hard' adjustments can be done (for inflation I imagine). However, at the start of such a project, perhaps a certain set of assumptions were considered, which perhaps changed over time as newer information came to light. Technology is evolving, as are industry norms and standards, and a lot of the work is at the edge of what is possible. 

Transport by Road 2: Economics

Eventually the MCE cost 4.3 billion SGD. Understandably, there were questions from all quarters of Singapore as to how was this going to be explained. For projects of this magnitude that run for several years, however, I feel it is indeed difficult if not impossible, to get everything correct within a decimal point. Some 'hard' adjustments can be done (for inflation I imagine). However, at the start of such a project, perhaps a certain set of assumptions were considered, which perhaps changed over time as newer information came to light. Technology is evolving, as are industry norms and standards, and a lot of the work is at the edge of what is possible. 

comments (14)

On dirait que la famille de l'affiche sourit aux ouvriers.
Ayush Basu: It does indeed, Martine.
  • Chad
  • Somewhere in deep space
  • 12 Sep 2019, 06:38
That is a huge sum of money Ayush, but the government must think it worthwhile.
Ayush Basu: I think it was necessary, Chad, but some sections of the population and the opposition parties are not willing to give some slack to the government.
  • Chris
  • England
  • 12 Sep 2019, 06:48
You can't beat good infrastructure Ayush!
Ayush Basu: That (mural) is the vision, I imagine, Chris, and gives residents patience to bear with temporary discomfort.
The usual scenario here is that things cost at least double the original price and are several years late
Ayush Basu: It seems to be happening here too, Bill. I understand these things are difficult to get absolutely right.
Well, the smiling family seem to be happy about it all, Ayush.
Ayush Basu: Or maybe they do not know better at the moment, Beverly.
My job involved doing all the accounting for large capital projects my company put in prgress and if it was a constructional project it rarely came in at the original estimate.
Ayush Basu: I can imagine that some sections of the population and the opposition parties were not willing to give some slack to the government, Brian?
I wonder if they will still be happily smiling as the cars roar past?
Ayush Basu: That is debatable, Tom smile
I love how the family is looking on!
Ayush Basu: A message that is how residents nearby will hopefully feel once the project is completed, Elizabeth.
I doubt that anything gets completed these days, Ayush, "within a decimal point." But YAY for the forward thinking!
Ayush Basu: That (mural) is the vision, I imagine, Ginnie, and gives residents patience to bear with temporary discomfort.
  • Astrid
  • Hollandshire.....
  • 13 Sep 2019, 06:31
3.1303785 billion U.S. dollars....I hope that the family is not retired before everything is finished, Ayush (just joking) It is like Brian also says, the plans look great, they counted the money, but overtime changes are made and make it more expensive, well at least ALWAYS in Hollandshire......
Great shot of the "men at work"...
Ayush Basu: I think the project was necessary, Astrid, but some sections of the population and the opposition parties are not willing to give some slack to the government.
  • Alan
  • United Kingdom
  • 13 Sep 2019, 06:52
Running over budget seems to be common across th world in that case. The smiling faces on the poster have yet to learn that ithe project was slightly more expensive than planned.
Ayush Basu: They might start to see their tax policies starting to adjust upwards, Alan.
that family is huge!! lol
Ayush Basu: Even the excavator looks toy like, Elaine grin
  • Louis
  • South Africa
  • 13 Sep 2019, 21:49
Progress in developed areas, usually goes with discomfort. Be glad for progress, because there is many who don't have it.
Ayush Basu: Oh yes, I am indeed quite satisfied about the attention and vision of those who lead such projects, Louis, and I can even understand that budgets are hard to predict and meet.
  • sherri
  • Little Rock, Arkansas, USA
  • 14 Sep 2019, 18:59
what a contrast between the mural and the street scene
Ayush Basu: That (mural) is the vision, I imagine, Sherri, and gives residents patience to bear with temporary discomfort.

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