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Examples
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OLKILUOTO, Finland—Areva SA's state-of-the-art nuclear reactor may not be connected to the electricity grid until 2014, its Finnish utility client said Tuesday, suggesting yet another delay to a troubled project that has suffered from cost-overruns and delays.
Areva High-Tech Reactor Hits New Snag Max Colchester 2011
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The nuclear industry has a poor record of cost-overruns, once tracked in a study by Paul Brown, a visiting fellow at Cambridge university, and published under the title Voodoo Economics.
City presses Centrica to cancel plans for building nuclear power plants 2011
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Half of that will never be spent and the other half will be on cost-overruns for failed nuke plants.
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Christie, a Republican getting national attention for his budget-cutting ways, canceled the ARC project Oct. 27 because he said the state would be on the hook for nearly all cost-overruns, which his administration estimated at up to $5 billion on top of the $8.7 billion original price tag.
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Even before the Fukushima crisis, many nuclear-reactor projects around the world were stalled or mired in cost-overruns.
Siemens Rethinks Nuclear Ambitions Vanessa Fuhrmans 2011
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Areva has also come under criticism for cost-overruns of its third-generation reactor after project delays in Finland.
At Areva, New CEO Confronts a Delicate Job Max Colchester 2011
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Defense Secretary Robert Gates said he and Clinton raised a recent letter by key U.S. Senators suggesting the base deal be re-examined because of delays and cost-overruns.
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Make recommendations that ensure a "completely new, cutting edge" technology HAS to be developed; starve other projects of cost-overrun funds while creating yet more cost-overruns; and then, when its to late to change a bum direction without another huge influx of funds and personnel, cancel the entire project, lay people off ...
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The CityTime project has suffered from massive cost-overruns since its inception in the 1990s.
CityTime Project Awash in 'Fraud' Michael Howard Saul 2011
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Christie, a Republican getting national attention for his budget-cutting ways, canceled the ARC project Oct. 27 because he said the state would be on the hook for nearly all cost-overruns, which his administration estimated at up to $5 billion on top of the $8.7 billion original price tag.
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