This book reports from the leading edge of the world’s biggest infrastructure construction projects. Megaprojects, with costs of more than US $1 billion, are being surpassed by gigaprojects with price tags higher than US $10 billion. These enormous projects are critical to meeting the growing demands of global populations, yet they present daunting obstacles for effective planning, design, construction, and delivery. Not only do the challenges of a megaproject increase exponentially with its size, but these projects can span long time frames. Risk management alone poses unprecedented problems of scale and complexity. The editors have assembled a stellar group of financiers, owners, program managers, consultants, designers, contractors, and legal counsel, all of whom have frontline experience with megaprojects and gigaprojects. In the first part, these experts share lessons learned and best practices developed as they grappled with specific difficulties posed such large-scale projects. In the second part, construction professionals describe megaprojects undertaken in the Middle East, Brazil, Asia, Australia, Europe, and North America with a view to highlighting strategies that lead to success. Engineers, construction managers, planners, and risk managers will find in this volume useful tools for the effective and efficient execution of megaprojects and gigaprojects. This book is also an indispensable guide for investors, senior executives, board members, and other participants involved in these large-scale projects.Content:Front Matter List of Acronyms and Abbreviations Preface Table of ContentsPart I. Megaprojects to Gigaprojects: The Way of the 21st Century1. Governance of the Megaproject2. Risk Management3. Megaprojects and the Financial Markets4. Project Delivery Methodologies5. Are Public-Private Partnerships a Solution to Megaproject Delivery Problems?6. The Program Manager's Role7. Financing Megaprojects8. Six Challenges to Controlling Megaprojects9. Managing the Design of Megaprojects10. Procurement and Construction Management11. What about Culture and Ethics in Your Multinational Megaprojects?12. Dispute ResolutionPart II. Recognizing Cultural Differences in Managing Megaprojects13. Megaprojects in the Middle East14. Megaprojects in the São Paulo Metropolitan Region15. Megaprojects in Asia in the 21st Century16. Megaprojects in Australia17. Delivery of UK Megaprojects within a European Context18. Strategic Considerations in North American Megaprojects19. The Ultimate Gigaproject: Nuclear Power Plant Construction About the Contributors About the EditorsIndex