Why are so Many Global Construction Projects Standing Unfinished?

The global landscape features scars wherever you look.

Some of these are the result of extreme weather events or natural disasters. Others are due to war. The ones that we see every day, however, something else entirely is the cause of them.

Incomplete construction projects are nothing short of an eyesore. There they sit, dominating the landscape, abandoned and desolate. All around the world, there are examples of these failures of largesse. Why are there so many of them?

Economic Failure

Referring to the ‘failures of largesse’ probably gave you a clue. The economic downturn has been the main catalyst for the number of incomplete constructions. Much of Spain, for example, is littered with half-finished buildings that were supposed to represent the future of the country. Even richer states such as the United Arab Emirates have not escaped, although this is down to the fact that multi-national businesses have collapsed, rather than any troubles on their part.

The biggest problem with these is that they are going to stand unfinished for many years. Even as economic prosperity returns over the next few years, people are going to aim for new projects rather than trying to pick up the pieces from a failed initiative. We face the very real prospect of the existing construction sites remaining incomplete, and standing as relics to a time when money seemed no object, until we all got brought, very heavily, down to Earth.

construction projects

Industry Changes

Still, it wouldn’t be fair to sit here and throw all of the blame at the economy.

Many projects won’t see completion simply because the industry has moved on, and people don’t want to be seen as having been the ones who completed an out of date, irrelevant construction.

The growth in popularity of environmental building materials, as well as tensile and cable structures over recent years, means that traditional bricks and mortar projects are just being written off.

Bad Planning

It seems amazing to say it, but poor planning contributes massively to projects going unfinished. It might be that costs were underestimated, or that constructor’s simply gave up when they realised they weren’t going to meet a particular deadline.

Most of these cases are in developing economies, such as Brazil and India, where there is at times a lack of experience in terms of large-scale project management, coupled with an ambition to complete all projects hastily so that these countries can make their mark on the global stage.

Unfinished construction projects will continue to scar the global landscape for many years to come. While most will remain incomplete, we can only hope that a more sensible approach to money, industry trends, and planning means that there aren’t many more added to the collection.

This article was written by Vector Foiltec. Vector Foiltec has developed the use of cable structures for supporting environmental constructions, and have used these to create some of the world’s best sports stadiums, offices, and transport buildings.

Photo source: http://www.flickr.com/photos/19981496@N08/3356539721/

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