All articles tagged with #construction challenges
Originally Published 5 months ago — by Bloomberg
The ongoing $2.5 billion renovation of the Federal Reserve's headquarters in Washington DC has faced significant delays and cost overruns due to construction challenges, underground work complexities, and security standards, with critics alleging wasteful spending and mismanagement, while officials defend the necessity of the upgrades.
Originally Published 1 year ago — by Gizmodo
Neom, Saudi Arabia's ambitious $500 billion urban development project, has lost its CEO, Nadhmi al-Nasr, reportedly due to missed construction deadlines. The project, envisioned by Crown Prince Mohammed bin Salman, aims to create a futuristic city with features like robot dinosaurs and flying cars. However, it faces significant challenges, including high costs, construction delays, and reports of harsh working conditions leading to numerous worker deaths. The Saudi Public Investment Fund is now overseeing the project, which critics estimate could cost up to $2 trillion.