Sometimes those cost overruns are the Pentagon's or Washington's fault.
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Still, Northrop Grumman may suffer repercussions from its cost overruns.
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Delta alone will be responsible for any potential cost overruns.
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Joe Biden knows that, even if his ambition overruns it.
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But the projects are notorious for delays and cost overruns.
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It was also plagued by computer problems and cost overruns.
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This will impose delays and cost overruns on ongoing projects.
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Both projects have seen delays, cost overruns and other complications.
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So not all of the cost overruns are Boeing's fault.
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Construction projects everywhere are subject to delays and cost overruns.
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The two reactors now under construction suffer from cost overruns.
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Budget overruns have raised questions about the event's economic benefits.
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Idling workers and equipment can lead to massive budget overruns.
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It disrupts and overruns any mobile networks in its path.
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NASA is also grappling with the effect of these budgetary overruns.
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Both plants were also dogged by massive setbacks and cost overruns.
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Yet Kemper has been beset by cost overruns and engineering challenges.
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Airbus' A400M has been marred by development delays and cost overruns.
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Cost overruns and scheduling problems pushed back the expensive telescope's timeline.
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She pledged to examine cost overruns in the 2020 Olympics budget.
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There also were suspicions of cost overruns, the defense minister said.
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Cost overruns for detention facilities have plagued the government for years.
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Many of the projects have faced delays and major cost overruns.
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Poor countries then end up paying for cost overruns, they said.
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SLS has faced years of criticism for delays and cost overruns.
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Developing technologies often involves delay and cost overruns initially, he said.
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John McCain, the late John McCain, talked about massive cost overruns.
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That feeds a suspicion that cost overruns are the result of corruption.
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Costs overruns increased to 18.8 percent, up from 15.6 percent in 503.
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The Airbus A400M has been marred by development delays and cost overruns.
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The project has endured years of delays and billion-dollar cost overruns.
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The $40 billion project has had multiple delays and significant cost overruns.
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The F-35 has been plagued by technical problems and cost overruns.
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The GAO criticized NASA's continued cost overruns with the JWST, for example.
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Boeing already has taken $1.3 billion in pretax charges for cost overruns.
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The $40 billion project has seen multiple delays and significant cost overruns.
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These cost overruns will mostly be passed on to Georgia's electricity customers.
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The construction of the cone of silence was bedeviled with cost overruns.
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The Japanese group cited cost overruns as cause for a potential writedown.
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The program has been beset by technical problems, delays and cost overruns.
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But the U.S. effort has run into severe delays and cost overruns.
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There's going to be cost overruns when it comes to South Texas.
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Governor Cuomo and the board also need to look at cost overruns.
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Unsurprisingly, this resulted in enormous cost overruns that are draining state budgets.
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New facilities are few and have been subject to dramatic cost overruns.
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It takes Mosul and Tikrit in June and overruns the border with Syria.
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Since the vote, though, the project been plagued by delays and cost overruns.
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Cost overruns and bureaucratic delays have led to slow progress on the project.
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Westinghouse has been plagued by huge cost overruns at two U.S. nuclear projects.
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And Illinois' overruns now exceed $22019 billion, showing no signs of slowing down.
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But the NBN became increasingly politicized, faced construction difficulties and brought cost overruns.
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Cost overruns on building two major power plants have also hit its finances.
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The program has been plagued, however, with numerous cost overruns and schedule delays.
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They are properly concerned about cost overruns, delays and unpredictability of revenue streams.
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But the Olympic plans have been plagued by cost overruns and administrative bungling.
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The report also highlighted cost overruns and delays, which have been previously reported.
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Another tower in Baku, Azerbaijan, remains unopened after construction delays and cost overruns.
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Almost every major infrastructure project runs into protracted, unnecessary delays and cost overruns.
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Cost overruns at nuclear power plant sites drove Westinghouse into bankruptcy, Reuters reports.
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More delays ensued, and the overruns created a huge hole in Boeing's finances.
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They scoured the banks' review documents for examples of cost overruns and traffic shortfalls.
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"Of course it's been delayed, and it's had its own cost overruns," he said.
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Delays and cost overruns forced the grand opening to be postponed by six months.
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In response, these nuclear startups are designing their businesses to avoid horrible cost overruns.
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Los Angeles had earlier agreed to cover the first $250 million in cost overruns.
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The program has been troubled by cost overruns and problems with the construction process.
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Budget overruns can saddle host cities with a legacy of debt and unused facilities.
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Chevron has struggled with cost overruns at two Australian liquefied natural gas (LNG) projects.
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"He continued: "And the USS Ford is completely out of control with cost overruns!
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"Frankly, I wouldn't be surprised," Mr. Rechler said, "if we see more cost overruns."
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Tesla CEO Elon Musk has become notorious for announcing production delays and cost overruns.
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Another article pointed to the latest cost overruns involving the high-speed train Gov.
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Greece shouldered the cost overruns, and many of the facilities have fallen into disuse.
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Cost overruns end up driving up the price of the plant's already expensive electricity.
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Christie, citing potential cost overruns, previously canceled a $8.7 billion tunnel project in 2010.
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The overruns were approved by an official who is also under investigation by prosecutors.
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Reduced risk, waste, and rework in construction which typically lead to major cost overruns.
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Ohio's proposed Medicaid expansion freeze would stop massive cost overruns due to skyrocketing enrollment.
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The program has drawn controversy and criticism over its cost overruns and delivery delays.
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The program has been a frequent target of critics for cost and time overruns.
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The plane is yet to recieve certification and has suffered huge cost overruns and delays.
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Now, JWST's budget overruns are putting the future of other big-budget missions in jeopardy.
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The multination European A400M program, for instance, has faced huge cost overruns and technical challenges.
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But the projects now face long construction delays and billions of dollars in cost overruns.
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"There were great delays, about seven years of delays, tremendous cost overruns," Trump told reporters.
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But for those complaining about cost overruns, pushing people into institutions is also bad economics.
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The fifth generation fighter jet has had numerous issues, including cost overruns and technical glitches.
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But it has been beset by squabbles over cost overruns and claims of unpaid taxes.
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There had been some delays and cost overruns, but by mid-July it was done.
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Budget overruns make it impossible for the agency to make preparations and prevent future blazes.
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Arizona and Maine closed off new enrollment in earlier expansions after facing massive cost overruns.
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"In every deal there's almost always going to be budget overruns or delays," Denchfield said.
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These systems are all beset by the usual technological hurdles, cost overruns and bureaucratic pitfalls.
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Likewise, large cost overruns from past administration's..... ....contracting procedures were not addressed to my satisfaction.
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Likewise, large cost overruns from past administration's ... contracting procedures were not addressed to my satisfaction.
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Lockheed Martin was also criticized by Trump for its F-35 "cost overruns" on Dec.
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Proponents claim that PLAs prevent cost overruns and delays by preventing strikes by union labor.
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However, the extra work required of Northrop Grumman's workforce may lead to significant cost overruns.
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But developing commercial-scale carbon capture has been bedeviled by cost overruns and long delays.
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Likewise, large cost overruns from past administration's contracting procedures were not addressed to my satisfaction.
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Likewise, large cost overruns from past administration's contracting procedures were not addressed to my satisfaction.
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But it has come under criticism for alleged budget overruns, poor planning and construction delays.
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DHS and ICE did not immediately respond to a request for comment about the overruns.
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The project, known as East Side Access, has been rife with cost overruns and delays.
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Opponents counter that the reactors were inherently unsafe and cost overruns were a natural consequence.
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The Air Force has not yet ordered the planes, so there are no cost overruns yet.
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Also, it must set aside a further $10 million in federal funds for potential cost overruns.
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Much of the budget overruns come from overoptimism related to the project, as we detail here.
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Potential delays and cost overruns are likely to have a big impact on returns on investment.
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And when work overruns and trains are delayed, firms sue each other rather than helping passengers.
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Cutler said much of the cost overruns were due to "indirect" items that were not foreseen.
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But so far the technology has been subject to years of delays and big cost overruns.
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Despite this generous offer EDF could still lose out as it is liable for cost overruns.
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Ichthys has seen multiple delays and cost overruns of billions of dollars due to technical difficulties.
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In June, AES Gener dismissed contractor CNM, leading to more cost overruns and the July default.
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But that upward trajectory could go into reverse if Manama does not tackle its spending overruns.
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The use of "cost plus" contracts has contributed quite significantly to cost overruns and wasteful spending.
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But glitches and cost overruns at the mox plant near Aiken, S.C., delayed the American program.
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The teams will also cover any cost overruns beyond the original projected construction cost, $135 million.
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Buyers insist mismanagement inside Airbus is largely to blame for billions of euros of cost overruns.
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Interserve said it was getting out of the business in August, after cost overruns and delays.
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The winner-take-all bias that elevates the battleground states overruns all of the other biases.
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He sells it by bursting so hard that the defender, trying to catch up, overruns him.
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Rather than go after billions in program overruns to save money, the Pentagon is targeting veterans.
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The company recently warned of massive cost overruns at a giant Tengiz oil project in Kazakhstan.
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Likewise, large cost overruns from past administration's..... ....honors that he has earned, including his Trident Pin.
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Even without the overruns that would probably jack the price up, it's a bad investment choice.
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Ford, however, has been bedeviled by delays, cost overruns and technical glitches on its new systems.
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The SLS program has seen multiple delays and cost overruns, and the rocket is not reusable.
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Cost overruns And while Trump is likely to highlight the Ford aircraft carrier as an example of American military might and advanced technological skill, the ship also provides the President with a warning about the unforeseen development snafus, cost overruns and delays that can accompany defense spending.
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A U.S. squadron of the planes, which have suffered delays and cost overruns, became operational in August.
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The company is also looking to upsize its existing loan facility due to cost overruns, IMG said.
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Its development has been beset by delays and cost overruns, making it the subject of intense criticism.
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The pressures of Central Park were fraying Olmsted's nerves, while his budget overruns were vexing the board.
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Three other models under construction in China and Finland have also suffered long delays and budget overruns.
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In many other countries, a project on this scale would be beset with delays and cost overruns.
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But it has run into construction delays, cost overruns and doubts about an initial economic feasibility study.
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The bullet train project, a planned system linking San Francisco to L.A., faced cost overruns and delays.
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FARNBOROUGH, England (Reuters) - After 235 years of cost overruns and technical delays, the Lockheed Martin Corp (LMT.
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The train project has faced repeated cost overruns and delays since California voters approved it in 191.53.
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The Japanese conglomerate faces billions of dollars in losses due to massive cost overruns incurred by Westinghouse.
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Fletcher gave few details of the latest cost overruns, and did not quantify its new loss expectations.
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The Lockheed Martin-made jet has been beset by numerous issues, including cost overruns and technical glitches.
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Westinghouse has been plagued by huge cost overruns at two U.S. projects in Georgia and South Carolina.
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But glitches and cost overruns in the mox plant at Savannah River, S.C., delayed the American program.
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The plan has been put in jeopardy because of cost overruns and opposition from Republicans in Washington.
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Project execution is also showing signs of improvement in an industry notorious for delays and budget overruns.
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Projects that CB&I Stone & Webster is working on have been hit by delays and cost overruns.
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Worse, cost overruns fuel public skepticism toward government, making it harder to invest the next time around.
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But cost overruns on that project might have required a higher gasoline tax to help defray them.
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Mark Milley, chief of staff of the Army, also said budget uncertainty promotes inefficiency and cost overruns.
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Because of cost overruns, the price rose to $800 million by the time the spacecraft were launched.
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One exception is the Boeing 787, after a multi-year effort to end delays and cost overruns.
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"After more than $2.3 billion in cost overruns have increased its cost to nearly $13 billion, the taxpayers deserve to know when CVN-78 will actually be delivered, how much developmental risk remains in the program, if cost overruns will continue, and who is being held accountable," he added.
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Unfortunately, Lucas fell out with Kurtz during production on Empire Strikes Back because of the movie's cost overruns.
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"This isn't simply mismanagement or cost overruns or delay," Congressman Don Beyer (D-Virginia) said during the hearing.
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The IOC's contract with host cities includes a taxpayer guarantee, which puts them on the hook for overruns.
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After struggling with production delays and budget overruns, the CSeries is now enjoying a smooth entry into service.
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In contrast to the cost overruns and cancellations of the American programmes, Soyuz has been an unabashed success.
|
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Electrification projects in the west of England and in Hull were cancelled last month due to cost overruns.
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Just like in California, after decades of debate, Hawaii's project has been plagued by delays and cost overruns.
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Consequently, cost overruns and schedule delays can ensue, jeopardizing the entire project and putting its viability at risk.
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Toshiba has said bankruptcy would allow it to limit its exposure to further cost overruns at the projects.
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Seattle's $1.4 billion tunnel project has faced significant cost overruns, though it appears to be making progress again.
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A U.S. squadron of the planes, which have encountered many delays and cost overruns, become operational in August.
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Kusile is one of two new mammoth power stations which have suffered massive cost overruns and technical problems.
|
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Interserve has struggled with cost overruns in its energy-to-waste business and delays in a Glasgow contract.
|
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And it's not just the federal budget that's ballooning; state spending is brimming from Medicaid cost overruns, too.
|
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Months later, Toshiba announced a separate $6.3 billion writedown after dramatic cost overruns at its U.S. nuclear business.
|
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IVG went through insolvency proceedings in 2013 after cost overruns at its Squaire development made debt levels unsustainable.
|
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The fact that jobs were being counted by money spent and not jobs created incentivized massive cost overruns.
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He said he had done so "based on the tremendous cost and cost overruns" of the Lockheed contract.
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T) - have been hit by delays and cost overruns at reactor-building projects, but South Korea's KEPCO (015760.
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Cost overruns, as well as political opposition, have all but halted nuclear plant construction in the United States.
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Enough is budgeted to pay for police overtime, emergency snow removal or any other cost overruns, he said.
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The project was once expected to showcase advanced nuclear technology but was plagued by delays and cost overruns.
|
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The probe was initially prompted by huge cost overruns for the construction of a cycling track on Majorca.
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The company's weaknesses have always stemmed from practicalities: missed deadlines, cost overruns, unreliable profits, less-than-sterling quality.
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The writedowns reflect additional cost overruns due to low production rates and delays, Skanska said in a statement.
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California is now reporting even greater cost overruns for its San Francisco-Los Angeles high-speed rail line.
|
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If there are severe cost overruns in Paris, they could further discourage other cities from bidding on Games.
|
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The risk of cost overruns or construction delays is transferred from the Port Authority to a private consortium.
|
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Faced with a growing pile of delays and cost overruns, lawmakers face limited options in reigning in NASA.
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Nuclear plants could supply steady clean power, but they attract fierce opposition and are beset by cost overruns.
|
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"No political interference, tremendous support from our citizens, no capital projects, no budget overruns: That's L.A.," Wasserman said.
|
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But the sheer size and complexity of these projects has led to multiyear delays and multibillion-dollar overruns.
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I would be a president who says, you know what, I want you to justify these cost overruns.
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This past summer, Congress has held hearings grilling NASA and Northrup Grumman about the JWST's cost overruns and delays.
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He is challenging an order to stand trial on charges of illicit spending overruns during his failed 2012 campaign.
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Cost overruns with the construction wound up leading Congress to impose a $12.9 billion cost-cap on the ship.
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The F-35 has been a controversial program and plagued by cost overruns and technical issues over the years.
|
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During last year's election campaign, President Donald Trump criticized Lockheed Martin Corp for the F-35's cost overruns.
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Additionally, the SLS has suffered from a series of delays and cost overruns that threaten the current unaccelerated timeline.
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A project like this one, with jaw-dropping risks and endless overruns, would simply sink the company in charge.
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Earlier this week, Toshiba said cost overruns at a U.S. nuclear business it bought from Chicago Bridge & Iron CBI.
|
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An unfavorable exchange rate coupled with cost overruns doubled the DeLorean price tag, which was supposed to be $12,000.
|
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The SLS program has suffered schedule delays and cost overruns, with its first test flight not expected until 2020.
|
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Construction projects can also be subject to cost overruns and delays, as with the rebuilding of London's Wembley Stadium.
|
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The commissioning of the plant is good news for Chevron following delays and billions of dollars in cost overruns.
|
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But Korus noted that the total cost is less important, given how space projects are known for cost overruns.
|
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But the SLS program has been beset with years of delays and has billions of dollars in cost overruns.
|
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U.S. President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns.
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The planes were actually ordered 15 years ago, but their development was plagued by numerous delays and cost overruns.
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And the MTA's first major expansion in decades, the Second Avenue Subway, is mired in cost overruns and delays.
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But cost overruns, environmental issues, labor unrest, political opposition and falling bullion prices contributed to Barrick's decision on Oct.
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Harrisburg has been under state financial supervision since 2011, primarily because of cost overruns on an incinerator retrofit project.
|
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But cost overruns and delays led the owners of South Carolina's V.C. Summer project to abandon construction in July.
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It was finished around 1870 after 30 years of construction, cost overruns and the deaths of the main architects.
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Nationwide, ObamaCare per-person costs have exceeded estimates by 76 percent—leading to massive cost overruns of 157 percent.
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By early 210, the cost overruns had sowed serious agita amongst the investors, and the squabbling quickly turned litigious.
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U.S. lawmakers and independent watchdogs are keeping tabs on the upgrade program after years of cost overruns and delays.
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That comes out to about $1,000 per person, even before any cost overruns or delays are taken into account.
|
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The Montreal-based company has struggled in recent quarters with product delays and cost overruns in its aerospace business.
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The amount could grow significantly, as the Pentagon has a history of major cost overruns on large acquisition projects.
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Mr. Cuomo said the restructuring was needed to address a long history of cost overruns on subway capital projects.
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The estimated $6.1 billion project, whose construction started in 2003, remains unfinished and marred by corruption and cost overruns.
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By contrast, the construction of two huge government coal plants is facing years of delay and severe cost overruns.
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The reason: the money in the accounts was leftover from 2017, when it was allocated to cover possible overruns.
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Cost overruns would be footed by the states, which would, experts say, likely be forced to reduce eligibility and benefits.
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Fletcher, which has two major projects under construction in Auckland and Christchurch, warned of cost overruns three times last year.
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In April, U.S. Senator John McCain described the plane as "a scandal" and said the cost overruns had been disgraceful.
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But, given that the shipbuilding programs are already plagued with cost overruns and delays, penny-pinching options are becoming valuable.
|
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Cost overruns have outlets like Bloomberg speculating that Tesla wouldn't have enough cash to make it through the calendar year.
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Production problems on its A320neo and A350 jets and cost overruns on its A400M military transporter are still hurting profits.
|
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Now, after billions of dollars in budget overruns, the second reactor has finally started sending power to homes and businesses.
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The first of the jets, the smaller version, is entering service in 2016 after years of delays and cost overruns.
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Bankruptcy could give Toshiba leverage to renegotiate the fixed-cost contracts and shift some of the overruns to the utilities.
|
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It's another nasty sting to the program, which has become defined by its history of schedule delays and cost overruns.
|
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Congress capped the development budget at $8 billion, but lawmakers are still expected to fund the telescope's new budget overruns.
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By comparison, if mass transit's cost overruns were divvied up equally, everyone in the US would owe about $125 annually.
|
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Interserve decided to exit the business in August 2016, after struggling with cost overruns and delays in a Glasgow contract.
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China's ambitious reactor building programme has fallen behind schedule, with major projects subject to years of delays and cost overruns.
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Such reactors are often billed as one solution for a nuclear industry bedevilled by massive cost overruns and technical snafus.
|
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A successful sale is critical to Toshiba's recovery after massive cost overruns at nuclear unit Westinghouse plunged it into crisis.
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Since then, we have witnessed bribery and corruption scandals, human rights violations, decaying facilities, huge cost overruns and environmental destruction.
|
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Government watchdog reports about cost overruns and delays in the FAA's air traffic control modernization efforts would fill a bookcase.
|
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Despite the cost overruns, ongoing technical issues and years of delays, it seems the plane is still attractive to some.
|
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Still, in cities like Washington and Atlanta, new lines have faced a backlash over delays, cost overruns and low ridership.
|
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Mr. Christie has said he canceled the tunnel project over concerns that the state would be responsible for cost overruns.
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That turned into a debacle, with repeated cost overruns and construction problems finally leading to the cancellation of the plant.
|
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In the case of the Ford-class carriers, the Navy program is facing cost overruns, delivery delays, and missing capabilities.
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But through the winter, Trump had lashed out at the company over cost overruns on the F-35 fighter jet.
|
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Critics noted that the Vogtle project could still be plagued by cost overruns, which would be passed on to ratepayers.
|
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But the rocket, called SLS or Space Launch System, is still haunted by critiques of long delays and cost overruns.
|
|
NASA missions regularly experience cost overruns north of 20 percent, with Discovery and Mars Scout programs among the biggest offenders.
|
|
In a Twitter post in December, he criticized the cost overruns for the F-35 and pledged to save money.
|
|
That project has just gotten underway, so billions of dollars in cost overruns at this point appear to be impossible.
|
|
The Legend cutters were built specifically to support Pentagon operations; the ships already were plagued by cost overruns and delays.
|
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It's been delayed by countless design flaws and malfunctions, which has caused massive cost overruns with no end in sight.
|
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LeFrak also said the committee wants to use private funds to soak up cost overruns and keep projects maintained after completion.
|
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But the target date for EM-1 has been consistently delayed due to technical challenges and cost overruns with the rocket.
|
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The president's request for 2019, released last February, called for the cancellation of the space telescope, citing the project's cost overruns.
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Flyvbjerg highlighted the games in Athens 2004, saying the cost overruns and related debt exacerbated Greece's financial crisis of 2007 onward.
|
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NASA's Orion capsule — designed to bring people into orbit around the Moon — has also faced its own delays and cost overruns.
|
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This most recent delay will likely incur cost overruns large enough to require NASA to ask Congress to reauthorize the project.
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"Cost overruns or delays on new programs are risks to the outlook in both the commercial and defense sectors," Fitch said.
|
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Toshiba is rushing to sell the unit to cover billions of dollars in cost overruns at its bankrupt Westinghouse nuclear unit.
|
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However, these projects, owned by U.S. utility companies Scana and Georgia Power, respectively, have been plagued by cost overruns and delays.
|
|
Rokkasho has been hit with repeated delays and cost overruns and is now scheduled to start operations in the early 2020s.
|
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The construction of two new units at Mochovce, which already operates two reactors, has been beset by delays and budget overruns.
|
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The Trump administration in February demanded funds back from the controversial project, which has been plagued by cost overruns and delays.
|
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In the United States and Britain, meanwhile, nuclear programs have been plagued by high upfront costs, construction overruns, and regulatory roadblocks.
|
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With cost overruns and failed promises being the norm in infrastructure planning, policymakers need to ensure that pipe-dreams stay private.
|
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The program has had so many problems and cost overruns that President Trump recently pressed the manufacturer to lower the price.
|
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Designed by Areva, the third generation EPR reactor, has had heavy delays and cost overruns at units in France and Finland.
|
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One of the biggest oil discoveries in recent history, its development has been plagued by technical issues, delays and cost overruns.
|
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They are still fixated on the expensive, expendable Space Launch System, which has been faced with numerous delays and cost overruns.
|
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Kojima's Metal Gear Solid V: The Phantom Pain sold millions of copies, but only after years of delays and budget overruns.
|
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"It's not like you had one Near Eastern population that developed farming that expands and overruns all the others," he said.
|
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The minister also referred to Mr. Trump's recent demands for higher military spending to defend the cost overruns on the submarine.
|
|
Carillion collapsed in part because it had underbid for contracts that became unsustainable when it ran into delays and cost overruns.
|
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Toshiba paid billions for Westinghouse a decade ago, but disappointing sales and huge cost overruns turned it into a financial albatross.
|
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Boeing already has taken $1.3 billion in pretax charges for cost overruns on the program, expected to be worth $48.2 billion.
|
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They can continue to write the space agency a blank check, ensuring that cost overruns and questionable purchases are the norm.
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Those cost overruns leave less money to fund services for the truly needy, including seniors, poor children, and individuals with disabilities.
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The around $40 billion Ichthys project has seen multiple delays and cost overruns of billions of dollars due to technical difficulties.
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Areva's newest generation of massive EPR reactors have recently been plagued by delays and budget overruns in France, Finland, and Britain.
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So despite long delays and cost overruns, the F-35 is clearly too important to too many people to be canceled.
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"As for managing expenditures, that was my team's responsibility," he said, adding that he had never been informed of any budget overruns.
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Billions of dollars of cost overruns at those projects forced Westinghouse into bankruptcy in March, and have threatened Toshiba with financial ruin.
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The system, which is manufactured by a New Jersey company, uses a crushable material to stop an airplane that overruns a runway.
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The more than $37 billion Ichthys project has seen several delays and cost overruns of billions of dollars due to technical difficulties.
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Now states are looking for ways out and Arkansas, where costs and enrollment overruns have been particularly bad, is a prime example.
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However, the money cannot be used to repay the liabilities stemming from cost overruns and delays at the projects, the people said.
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If strike action goes ahead, construction work could be delayed, adding to years of overruns after wrangles over financing and regulatory delays.
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Researchers at the University of Oxford's Said Business School recently released a study on sports-related cost overruns from 1960 to 2016.
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RIO DE JANEIRO — There have been cost overruns and complaints about spending billions on a mega-event when teachers have gone unpaid.
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His replacement, Ed Holland, told regulators that Mr. Day had directed or allowed employees to withhold from regulators documents about cost overruns.
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NASA's $10 billion successor to the Hubble Space Telescope has finally been fully assembled, after 12 years of delays and cost overruns.
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But the repowering project ran into several cost overruns and engineering problems, as well as a lawsuit brought by an environmental group.
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Chris Christie, who originally supported the tunnel, killed it in 2010 for what he cited were issues related to potential cost overruns.
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And it could lead to cost overruns, estimated in the tens of millions of dollars, because unresponsive households require more follow-up.
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Mr. Ross spoke of cost overruns for the 21 count, which also concern Congress and its investigative arm, the Government Accountability Office.
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The order was the first in 16 months for the Bombardier CSeries aircraft, which has been plagued by delays and cost overruns.
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When local voters are engaged, and public officials know that overruns will be scrutinized in municipal and legislative hearings, accountability is assured.
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Delays and cost overruns at plants being built at Olkiluoto, Finland, and Flamanville, France, have hurt the industry's reputation elsewhere in Europe.
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The resulting NASA program, Constellation, was to put astronauts on the moon by 2020 but was hobbled by delays and cost overruns.
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How much will he talk about perhaps his biggest bit of unfinished business — the bullet train, plagued by cost overruns and delays?
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For the next decade, the story around the Bombardier C Series program was one of cost overruns, developmental delays, and slow sales.
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We must take a hard look at the waste, cost overruns and inefficiencies in every branch of government –including the Department of Defense.
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Interserve announced its exit from the energy-from-waste business in August 2016 after noting cost overruns and delays in a Glasgow contract.
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Since 2010, the industry has written off $85 billion due to overpaying for acquisitions and massive cost overruns on mine builds, he said.
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Material project cost overruns for Site C, or other project issues, that lead to general government support could erode the province's credit standing.
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Lockheed Martin's F-35 Lightning II is a radar-evading stealth fighter jet whose cost overruns and development delays have generated many headlines.
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Toshiba is also on the hook to cover some of the cost overruns at another unfinished nuclear project known as Vogtle in Georgia.
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The intrigue: The report also suggests that NASA re-evalulate how the agency incentivizes its contractors due to cost overruns and delayed schedules.
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And I have the feeling you're going to find a lot of cost overruns there and a lot of waste and duplicative activities.
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The rocket, which has already suffered from numerous cost overruns and budget delays, is projected to cost billions of dollars more than expected.
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Because of the budget overruns those fits and starts accrued, the project's commercial success will likely require teams of forensic accountants to determine.
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Because of cost overruns, Rio needed the Brazilian government to provide nearly $1 billion in bailout funds on the eve of the Games.
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The deal to fund that plant involved EDF taking on the financing and bearing the full risk for construction delays or cost overruns.
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Congress has wondered if perhaps another contracting method would have been better or if Northrop Grumman should pay for the cost overruns itself.
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TVO and Areva are claiming billions of euros from each other at an arbitration court due to the project's delays and cost overruns.
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However, these projects, owned by U.S. utility companies Scana Corp and Georgia Power Co, respectively, have been plagued by cost overruns and delays.
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SACE's latest estimate puts increased pressure on Georgia's utility regulator to ensure Southern Co cannot pass along future cost overruns to rate-payers.
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Another project under construction in Finland using the same so-called European Pressurized Reactor (EPR) technology has also faced delays and cost overruns.
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In Ohio, overruns have topped $2628 billion so far and are on track to hit $28503 billion by the end of this year.
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The researchers said higher rainfall overruns sewerage systems in areas with poor infrastructure, which contaminates the drinking water and could lead to cholera.
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Fletcher, which has two major projects under construction in Auckland and Christchurch, previously warned of cost overruns in March, July, and October 2017.
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That deal was followed by a string of impairment charges, as its satellite business was plagued by cost overruns and supply chain issues.
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Other EPR reactors of the type that EDF plans to build in Britain have suffered years of delays and billions of cost overruns.
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Somers had complained internally that his supervisor had eliminated some internal controls and hid major cost overruns on a project in Hong Kong.
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Draw your own conclusions about what's likely to happen in this next round of mergers, since cost overruns and lucrative contracts continue apace.
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There were time overruns, contractors leaving, and generally a huge number of moving parts to design one of the more ambitions buildings around.
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The F-22 Raptor began taking part in combat missions against ISIS in September 2014 after years of cost overruns and mechanical issues.
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Toshiba Corp was forced to sell its prized memory business after being plunged into crisis by cost overruns at its U.S. nuclear unit.
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"Unfortunately, NASA has been plagued for years with contract management issues which have resulted in substantial cost overruns and schedule slips," said Rep.
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Inpex and Shell's major LNG projects, which are tipped to have reserves to last a generation, are beset by delays and cost overruns.
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Cost overruns and delays threatened the C-Series until an order in 9193 from Delta, an American airline, seemed to guarantee its future.
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This year, carbon capture efforts at Plant Kemper in Mississippi were abandoned after billions of dollars in cost overruns and years of delays.
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A large part of the overruns could be due to lack of proper cost estimates at the beginning of the project, Cardenas said.
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Eskom is scrambling to complete two new mammoth coal plants, Medupi and Kusile, which have been beset by huge cost and time overruns.
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Such projects require coordination among many consultants and, often, multiple levels of government, with possible construction delays, cost overruns and pushback from residents.
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But Mr. Christie halted the tunnel project in 2010, saying he feared his state could have been held responsible for big cost overruns.
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Musk quickly shot back at a news conference, citing soaring cost overruns on a rival NASA moon rocket dubbed the Space Launch System.
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That took nearly a decade longer to complete than planned, and was notorious for cost overruns, design flaws, worker fatalities and other problems.
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NASA's three coming human exploration programs, for example, will likely face delays and cost overruns according to a GAO report released in April.
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PDG Realty struggled with integration and cost overruns almost since Sayão spearheaded the purchase of smaller rival Agre Participações SA in May 2010.
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Toshiba's subsidiary Westinghouse is building the nuclear power plants for the U.S. utility companies, but filed bankruptcy in March due to cost overruns.
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The complaint was presented by the consortium for "unforeseeable physical conditions" which it said contributed to more than $3.5 billion in cost overruns.
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Huge cost overruns in its U.S. nuclear subsidiary showed up Toshiba's project-management failings; Takata's failure has dented Japan's reputation for technical excellence.
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More than twice as many able-bodied adults have signed up as states thought ever possible, leading to massive and growing cost overruns.
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Boeing had bet its future on a revolutionary passenger jet, the 2787 Dreamliner, and the project was imperiled by delays and cost overruns.
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With the new Air Force One, let's at least allow the process to move forward until any overruns occur, and deal with them then.
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When completed, the deal will mark another step forward for the world's biggest weapons program after years of turmoil, cost overruns and schedule delays.
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The diversion project, begun by President Luiz Inacio Lula da Silva in 2005, faced years of setbacks from political infighting, budget overruns and corruption.
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Before that, in March, Areva settled a long-running dispute with TVO by agreeing to pay 450 million euros for cost overruns and delays.
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However, it added that the deficit had deteriorated last year mainly due to poor oil and non-oil revenue performance and large expenditure overruns.
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The company previously struggled with cost overruns linked to a mammoth Frankfurt office complex that forced it into insolvency proceedings just three years ago.
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Work on the Angra 3 reactor has advanced in fits and starts since the 1980s amid cost overruns and allegations of politically-driven decisions.
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Persistent cost overruns and delays like the ones JWST has suffered recently led NASA to set harder limits on the scope of future projects.
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Toshiba Corp was forced to sell its prized memory business after being plunged into crisis by cost overruns at its U.S. nuclear power subsidiary.
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The struggling conglomerate is rushing to find a buyer for its prized chip unit, to cover billions of dollars in cost overruns at Westinghouse.
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Toshiba put the business up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit had plunged it into crisis.
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The delays have also led to cost overruns for the SLS program, which have added up to an extra $2021 billion, according to NASA.
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The 470 kilometers of canals have taken a decade to build, and cost overruns have trebled to more than 8 billion reais ($2.5 billion).
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Last year they were corroded by cost overruns at new steel plants in America and problems in the German car industry, its biggest customer.
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The firm formally announced late on Tuesday that cost overruns at the U.S. nuclear business might result in "several billion dollars" in goodwill charges.
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The Japanese conglomerate is depending on the sale to cover billions in dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse.
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To cover the cost overruns, a broad consortium of banks backing Alto Maipo agreed to refinance the project earlier in 2017, boosting their commitment.
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France's Areva is being restructured, in part due to delays and huge cost overruns at a nuclear plant the company is building in Finland.
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Industry leader Westinghouse filed for bankruptcy in March as delays and cost overruns piled up at new nuclear plants in Georgia and South Carolina.
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It's currently being installed on the Flushing line, where there have once again been cost overruns and missed deadlines and years of service disruptions.
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As late as 2007, the site still looked about the same, as construction was hamstrung by lawsuits, budget overruns, design changes, and a recession.
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Westinghouse filed for bankruptcy last year after its nuclear projects in the United States were also hit by billions of dollars of cost overruns.
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But the inaugural season for Dunkin' Donuts Park began going awry in December, when $10 million in cost overruns and construction delays became public.
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NASA and commercial companies like Blue Origin, in turn, will have to perform to make sure that no cost overruns and schedule delays occur.
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The email suggests that the Boeing KC-246, a military plane that's been plagued by budget overruns, delays, and safety concerns, was off-limits.
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Originally scheduled for completion in 2016, Martin Linge has been plagued by cost overruns, and the start-up date has been postponed several times.
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That article laid much of the blame for the cost overruns on the exhibition's first-ever expansion from Kassel to a second city, Athens.
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President Donald Trump has sided with the Energy Department in wanting to kill the MOX project because of the extreme cost overruns and delays.
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Originally scheduled for completion in 2016, Martin Linge has been plagued by cost overruns, and the start-up date has been postponed several times.
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Adding to the tension are the years of delays and cost overruns in the development of NASA's upcoming giant rocket, the Space Launch System.
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Rotten Tomatoes score: 41%Synopsis: In 1937, a war between China and Japan ensues and the Imperial Army overruns the capital city of China.
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The principal blemish on Mr. Watson's time as chief executive was billions of dollars in cost overruns on two liquefied gas projects in Australia.
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That led to delays, cost overruns and bankruptcy proceedings for companies such as Bhushan Power and Essar Steel, since acquired by larger rival ArcelorMittal.
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But the entire old house would be gone, too, which some people might miss, and there could be unanticipated cost overruns in the construction.
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Despite recent production delays, parts shortages, labor cost overruns, and a host of other difficulties, we expect the company to improve performance over time.
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Work is almost a decade behind schedule and huge cost overruns have led to Finnish utility TVO and Areva claiming billions from each other.
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The company in October suspended operations and laid off employees after announcing cost overruns of more than $300 million at its flagship Whabouchi project.
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Westinghouse filed for bankruptcy last month hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
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"Time and material means you're going to get your ass kicked," he says of the common government contracting method, which often leads to cost overruns.
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For a fun twist, these pencils come from "overruns and misprints" from other orders, which means they'll probably have some super weird stuff on them.
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The company filed for bankruptcy protection after it incurred billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
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It finally opened the first three stations on the new Second Avenue Subway line, but the project suffered from cost overruns and inter-agency breakdowns.
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Bombardier Chief Executive Officer Alain Bellemare said the company still wanted federal assistance for the CSeries, which has been plagued by delays and cost overruns.
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After billions of dollars in cost overruns and delays, NASA is planning to launch one of the most important weather satellites ever early Wednesday morning.
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Where does the extra money come from to pay for JWST's budget overruns, and how have these delays affected public perception of these large missions?
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Yes, but: Oglethorpe, which has a 30% stake in the project, is demanding steps to limit its exposure to future cost overruns, per their statement.
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"All of Australia's recent wave of LNG projects have had cost and schedule overruns compared to expectations," said Saul Kavonic of energy consultancy Wood Mackenzie.
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At the $35 billion Ichthys project, engineering firm CIMIC this week pulled out of its contract to build the facility's power station, citing cost overruns.
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Thanks to endless delays and overruns, Kemper now costs three times its original $2.2 billion price tag, leading many to write off the whole concept.
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But several projects have faced major delays and cost overruns — most notably, a still-unopened streetcar system in Washington — and other plans have been scrapped.
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Recent programs to upgrade stealth air capabilities, including the F-35 Joint Strike Fighter, have been plagued by schedule delays, technology glitches and cost overruns.
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Meanwhile, the Trump administration has already proposed canceling the WFIRST telescope, which would help test out the coronagraph technology, citing cost overruns on the project.
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The GAO has also recommended that NASA be sure to include reserves in the human spaceflight systems programs to manage risk and potential cost overruns.
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Donald Trump tweeted about the Joint Strike Fighter's "tremendous cost and cost overruns" and threatened to dump the plane in favor of the Super Hornet.
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When predictable overruns are taken into account, the bill for the 2016 Summer Olympics in Rio de Janeiro is likely to top US$20 billion.
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Arizona and Maine have both used enrollment freezes to wind down earlier Medicaid expansions to able-bodied adults after the programs faced massive cost overruns.
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Fitch believes that any material delays or cost-overruns pose a risk to OMW's ability to compete successfully in the low-margin investment platform market.
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And I have the feeling that you are going to find a lot of cost overruns there and a lot of waste and duplicative activities.
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A flood barrier designed in 1984 to protect the city has long been delayed by various problems, including corruption and cost overruns, NBC News reported.
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The ailing Japanese conglomerate is rushing to sell the prized unit to cover billions of dollars in cost overruns at its bankrupt Westinghouse nuclear unit.
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Cost overruns at four nuclear reactors it was building in the United States pushed Westinghouse, a unit of Japan's Toshiba Corp, into bankruptcy in March.
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The project has been hampered by billions of dollars in cost overruns that pushed the main contractor, Westinghouse Electric Co LLC, into bankruptcy in March.
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The proposals follow up on 2015 reforms that sought to make the military services more accountable for cost overruns and delays on major weapons systems.
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The organizers and the city faced lawsuits from people seeking millions of dollars in damages, and cost overruns put the event in the red.11.
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The proposals follow up on 85033 reforms that sought to make the military services more accountable for cost overruns and delays on major weapons systems.
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Critics dispute some of Mr. Paes's figures, pointing out that cost overruns will most likely bring the final cost of the Games to $20 billion.
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So far, only a handful of carbon capture projects even exist around the world, and many of them have faced steep cost overruns and delays.
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The company has faced cost overruns of more than $300 million as it works to open a mine and processing facility in the Canadian province.
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The Röntgens attribute the cost overruns to unrealistic initial projections, delays on the balcony installation, the manure pit and some wood replacement for termite damage.
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But in 100, Mr. Christie abruptly halted work on the project, saying that he feared New Jersey could have been stuck with big cost overruns.
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But the project, which started coming on line in 1981, became so mired in corruption, delays and cost overruns that it spooked future elected officials.
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Despite assertions that cost overruns have decreased in recent years, the Government Accountability Office (GAO) already sees warning signs of overrun in NASA's current projects.
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Those failings include billions of dollars of cost overruns because the "acquisition system is so complicated that no one is in charge," the release says.
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Public universities these days are often subsidizing cost overruns at their law schools, choosing to keep their law schools operating because of tradition and prestige.
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That scandal preceded the crisis now engulfing Toshiba over billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse Electric Corp.
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And, given the intermittency issues and cost overruns associated with solar and wind projects, embracing the "Tesla Model" will only hasten the power authority's destruction.
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The 250,503-ton vessel, the first of a new, more technologically advanced carrier class, cost about $250 billion after cost overruns and years of delay.
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When President Obama came into office, he cited high cost overruns in his decision to cancel plans to buy new versions of the Marine One helicopter.
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Lawmakers and independent watchdogs are anxious to keep tabs on the upgrade program after years of cost overruns and delays on the initial fighter jet program.
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"There might be cost overruns one day but there haven't been so far," said Richard Aboulafia, a senior aviation analyst at the Teal Group in Virginia.
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NASA's budgetary overruns aren't nearly as bad as they were from 2012 to 2014, as the graph shows, but the recent uptick has the government worried.
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Lawmakers and independent watchdogs are anxious to keep tabs on an upgrade program after years of cost overruns and delays on the initial fighter jet program.
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It's not foolproof by any means and many C-like programming languages exist expressly to avoid the errors made possible by C, such as buffer overruns.
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But after years of delays and billions of dollars of cost overruns at V.C. Summer and the Vogtle project in Georgia, Westinghouse filed for Chapter 11.
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N on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.
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One year on, on December 22011th, Toshiba announced that cost overruns at that new unit could lead to several billions of dollars in charges against profits.
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It has lost a lot of money on projects supposed to generate energy from waste, after glitches in untested technology led to delays and cost overruns.
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A 3.5-billion-euro bailout from Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey rescued the programme from cancellation in 2010 after delays and cost overruns.
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Areva and TVO settled a long-running court dispute in March, agreeing that Areva must pay 450 million euros to TVO for cost overruns and delays.
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Her opponents are seeking to remove her from office alleging that she hid overruns in the government budget to boost her re-election prospects in 2014.
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Problems with the engines, including software and an Italian-built gear component, contributed to years of delays and cost overruns in Europe's largest multinational defence project.
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If a recession forces a state to exceed its cap in a given year, any overruns will come out of its Medicaid payments the following year.
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The Ichthys, Japan's biggest overseas investment and the country's first major project as lead operator, started shipping LNG last October, after several delays and cost overruns.
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Canada belongs to the nine-nation consortium that helped fund development of the F-35, which has been hit by years of delays and cost overruns.
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Galliford said in February the Carillion's liquidation had added to the cost overruns and increased its cash commitment for the project by over 150 million pounds.
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OTHERS TARGETED Work on the Angra 3 reactor has advanced in fits and starts since the 1980s amid cost overruns and allegations of politically-driven decisions.
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The aging process has contributed to cost overruns and delays on programs including the F-35 fighter jet and the Navy's new Ford-class aircraft carriers.
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Court papers in Canada show that Mr. Shnaider's deal to sell the steel plant coincided with his need to cover cost overruns in the Trump deal.
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From political corruption, to significant budget overruns, to the Zika virus, to sewage contaminated waters, there is a laundry list of issues that have cropped up.
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The delays and cost overruns of the Dreamliner programme mean that, although it is selling well, it is not profitable and a write-down is likely.
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In response, federal and Alberta officials scrambled to rescue the project, promising to indemnify Kinder Morgan against further cost overruns from political roadblocks in British Columbia.
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Westinghouse filed for bankruptcy last month after being hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
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About a year later, Trump defaulted on the over-leveraged airline's loans amid a series of ill-advised cost overruns that coincided with an economic recession.
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Cost overruns in a large order - for rotor-blade materials from a wind energy company - were partly to blame for the bleaker outlook, a spokesman added.
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But his government has been under pressure to resolve Ireland's housing shortage and was recently embarrassed by cost overruns for the planned new national children's hospital.
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In an email to investors, Kaufman said the cost overruns came "without explanation"; Laufer claimed he was being run out because of his Orthodox Jewish faith.
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Jerry Hendrix, a senior fellow at the Center for a New American Security, said Trump's criticism of the Ford program's cost and time overruns has merit.
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It is the second major investigation for Sarkozy, who is also facing charges of illicit campaign spending overruns during his failed re-election bid in 2012.
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Cost overruns, Brazil's worst recession in decades, and a decision to bolster security in the wake of international terror attacks, have seriously stretched the Games' budget.
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Westinghouse filed for bankruptcy in March, blaming billions of dollars of cost overruns at two nuclear power plants it is constructing in Georgia and South Carolina.
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Gordon Davis Jr., a Combined Security Transition Command–Afghanistan deputy chief of staff, also said earlier issues that contributed to the cost overruns have been corrected.
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The prosecutor's office recommended he stand trial with 13 others in the so-called Bygmalion Affair, involving spending overruns and allegedly illegal financing, the source said.
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A 3.5-billion-euro bailout from Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey rescued the program from cancellation in 2010 after delays and cost overruns.
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Experts have been warning for years about aging infrastructure in Germany, and delays and cost overruns in giant projects have hurt the country's reputation of efficiency.
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But in February 143, the Obama administration pulled out of the plans, partly to pay for delays and cost overruns with the James Webb Space Telescope.
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He was treated very badly," Trump wrote on Twitter, adding that "large cost overruns from past administration&aposs contracting procedures were not addressed to my satisfaction.
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The F-35 program is also sensitive diplomatically, and as costs per plane increase, the overruns affect the ability of other countries to buy the jets.
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Court papers in Canada show that Mr. Shnaider's deal to sell the steel plant coincided with his need to cover cost overruns in the Trump deal.
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The bureau — criticized in the past by government watchdogs and Congress for cost overruns and management missteps — is strapped for cash in a critical preparation year.
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After delays and cost-overruns in Australia, companies are cautious about further LNG spending at a time when weak oil prices continue to strain industry finances.
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But the company filed for bankruptcy last March, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the United States.
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Mr. Mattis on Friday ordered the review of the controversial F-22007 fighter jet program, which has been criticized by President Trump for its cost overruns.
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It attributed its second-quarter losses mainly to cost overruns in secondary markets such as Oman, Qatar and Jordan, as well as rising debt servicing costs.
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Due to overruns that nearly doubled construction costs, RTD is unlikely to finish all of the lines promised to voters in 2900 without another tax increase.
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Begun in 2005 by leftist president Luiz Inacio Lula da Silva, the project has been delayed by political squabbles, corruption and cost-overruns of billions of dollars.
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Its development has so far cost at least $12.5 billion, and a government oversight report published Wednesday revealed cost overruns to the tune of nearly $19693 billion.
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In the past, President Trump had complained about the "tremendous cost and cost overruns" of the F-35 program, which is the Pentagon's most expensive weapons program.
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Shares in NIO (NIO) have plummeted, down more than 74% for the year, as the company grapples with cost overruns and weak demand for its pricy vehicles.
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TVO and France's Areva are locked in a dispute over years of delays and cost overruns on the Olkiluoto 3 EPR nuclear reactor project in southwest Finland.
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Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!
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The Commission concluded that the move did involve state aid because of uncertainties over the cost of a repository for waste and the possibility of cost overruns.
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Fletcher is expected to report an annual loss on Wednesday compared with a profit last year as cost overruns at its commercial business unit continue to weigh.
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That would mark a second consecutive year of profit after years of financial crisis due to accounting scandals and cost-overruns at its U.S. nuclear unit Westinghouse.
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Toshiba is scrambling to get a deal done as fast as possible as it needs funds to cover billions in cost overruns at now-bankrupt unit Westinghouse.
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Toshiba Memory was spun off by Toshiba Corp last year in the wake of a crisis due to cost overruns at the latter's U.S. nuclear power subsidiary.
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Westinghouse filed for bankruptcy early this year after being hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
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In the past, President Trump had complained about the "tremendous cost and cost overruns" of the F-35 program, which is the Pentagon's most expensive weapons program.
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Based on the tremendous cost and cost overruns of the Lockheed Martin F-2628, I have asked Boeing to price-out a comparable F-28500 Super Hornet!
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Rio's cost overruns for building them and for other Olympic spending are smaller than average for host cities, and most of the money was from private sources.
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But whether in the United States or elsewhere, "megaprojects" tend to experience cost overruns in the 28503 to 22019 percent range, according to Oxford University's Bent Flyvbjerg.
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But Ramirez said the fine Odebrecht will pay is only about half the $370 million owed to Peru for illegal cost overruns that resulted from Odebrecht's bribes.
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Based on the tremendous cost and cost overruns of the Lockheed Martin F-2023, I have asked Boeing to price-out a comparable F-18 Super Hornet!
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Mitsubishi declined to disclose its latest cost estimates for the project, but it said it would cover any overruns without relying on additional support from public funds.
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In 2009, Brazil's ruling Workers' Party government pushed Vale to boost its CSA stake from an initial 10 percent, as the project faced cost overruns and delays.
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With modular trains, companies hope to avoid the delays and cost overruns that have dogged custom mega-projects like Chevron Corp's Wheatstone and Gorgon projects in Australia.
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After 12 years of delays and cost overruns, the $9.7 billion successor to the Hubble Space Telescope — the James Webb Space Telescope — has finally been fully assembled.
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Some cost overruns are attributable to unforeseen circumstances, but across the board, we are very bad at estimating how much these projects will cost to begin with.
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At Thursday's hearing, Lamar Smith, the Texas Republican who chairs the House Committee on Science, Space and Technology, expressed frustration over the continuing delays and cost overruns.
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The US Navy is eyeing a big change to its new stealth destroyersThe DDG-1000 program has been beleaguered by cost overruns and changes over the years.
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Prior reports in the German media have indicated that the expense of air conditioning venues in Athens were to blame for a portion of the cost overruns.
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Southern Company has agreed to take over construction of the Vogtle reactors in the aftermath of Westinghouse's bankruptcy, but that project is also facing delays and overruns.
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Brazil spent about $12 billion on the Rio Games last month, which proved a sporting success but was marred by complaints over budget overruns and infrastructure delays.
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On Thursday, Mr. Mattis ordered a review of the controversial F-35 Joint Strike Fighter program, which has been criticized by Mr. Trump for its cost overruns.
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Budget overruns are common in the history of Olympics hosting and Pyeongchang has once again ignited the debate over the costs and benefits of organizing the games.
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The 85033-page report, released by the Federal Transit Administration (FTA) on Monday, examined the 68 red light overruns since 2012, 10 of which occurred this year.
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New nuclear plants take too long to plan and build, and have incurred disastrous cost overruns, so they are largely off the table for a 2000 target.
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Amtrak has an official proposal to upgrade the region for true high-speed rail, but the price tag is $117 billion and many observers fear cost overruns.
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The unexpected death of former managing director Guido Ghisolfi in 2015 and big cost overruns at its Corpus Christi PET plant in the United States have hit business.
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Construction in Flamanville started in 2007 and the plant was supposed to go online in 2012, but EDF has announced new delays and cost overruns every few years.
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The company said on Tuesday it plans to raise NZ$750 million through an entitlement offer as it addresses the huge cost overruns in its commercial building unit.
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The only nuclear power project under construction in the U.S. will proceed after co-owners reached an 11th-hour deal Wednesday on how to handle further cost overruns.
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Bombardier said last October it would slash 7,500 jobs worldwide, mostly in its Germany-based train-making division, following extended delays and budget overruns in its aerospace business.
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France's independent auditing body, the Cour des Comptes, said on Tuesday the expansion risked "considerable" cost overruns and might not be ready for the 2024 Olympics as planned.
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The debt was largely racked up to build Medupi and Kusile, two of the largest coal-fired power stations in the world which have suffered massive cost overruns.
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And, of course, the James Webb Space Telescope showed up in the discussion, with senators expressing the usual horror at the instrument&aposs cost overruns and launch delays.
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"We must explore expansion of public-private partnerships rather than continue building medical centers that have large cost overruns and take too long to build," he will say.
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They can be disruptive to the public, entail cost overruns, and take years to complete, extending past the electoral cycles that allow politicians to claim credit for success.
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But the untested models have been repeatedly delayed amid design flaws and huge cost overruns, and Beijing is now expected to struggle to meet its 58 GW target.
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Critics have blasted the hub for its massive cost overruns ($4 billion in public money) and lack of anything resembling a traditional train station (ticket machines, clocks, maps).
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President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns, but the price per jet has declined as production increased.
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The companies are claiming billions of euros from each other due to years of delays and cost overruns on the Olkiluoto 3 EPR reactor project in southwest Finland.
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However, any sharp downturn in property sales or construction cost overruns could be detrimental to CRL's financials because its investment property capex is funded by its development business.
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And if construction issues cause you to fall short of the outcomes you expected, you could face hefty fines, delays or gigantic cost overruns from redesigns and rebuilds.
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The cost overruns mean even less funding for services to seniors, poor children, and individuals with disabilities – not to mention other budget priorities like education and public safety.
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Kaine wrote about how he verbally sparred with McCain, the chairman of the committee, during a hearing on the cost overruns of the Ford-class aircraft carrier program.
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Thyssen, which is combining its steel business with rival Tata Steel, earlier cut its full-year profit forecast on cost overruns at plant engineering and ship building projects.
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Fannie Mae, a leading source of mortgage finance, has operated under government control since September 2008, so any costs overruns could be felt by taxpayers, the report concludes.
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Along with the enrollment explosion comes widespread cost overruns as well, which worsen the outlook for taxpayers and takes even more resources away from our most vulnerable neighbors.
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The F-35 program is the most expensive weapons program in history and has received criticism for having had numerous issues including cost overruns and various technical problems.
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The Navy's plan to replace the minesweepers with a new class of vessels, known as Littoral Combat Ships, has been repeatedly delayed by cost overruns and technical deficiencies.
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His convictions on curtailing program overruns and eliminating wasteful spending have earned him a reputation as a force to be reckoned with among Pentagon officials and defense contractors.
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In recent decades, they've also been plagued by delays and construction overruns — a terrifying prospect to investors thinking about borrowing billions of dollars upfront to build these things.
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" A state audit issued in November said California's High‑Speed Rail Authority's "flawed decision making and poor contract management have contributed to billions in cost overruns and delays.
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Investors, Mr. Hawthorne said, were put off by the eight- to 10-year wait for a return, as well as the risks of cost overruns and other issues.
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But the project, as I wrote in 2015, was hit by delays, cost overruns and a reluctance by carriers to buy from anyone other than Boeing and Airbus.
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But the more public backing there is for any given deal, the greater the chance that taxpayers will ultimately bear excessive costs — including debt, cost overruns and litigation.
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By the mid-20th century, predictably enough, the Corps was bloated and inefficient, and had earned a reputation for poor planning, uncompleted projects, cost overruns and environmental damage.
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The project comes after a series of delays and cost overruns, and Dominion lost a federal grant for the project in 2016 due to higher than expected costs.
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We simply can't waste billions of dollars on delays and cost overruns if we are to deliver more than $4 trillion in much-needed infrastructure repairs and expansion.
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Thus, it is essential that strict policies be in place to insure that cost overruns do not occur and threaten other projects that are in the funding queue.
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The project comes after a series of delays and cost overruns, and Dominion lost a federal grant for the project in 2202 due to higher than expected costs.
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A government whistle-blower who preferred to be labeled a truth-teller, Mr. Fitzgerald testified more than 50 times on Capitol Hill about fraud, pork and cost overruns.
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The multinational Airbus A400M military transport plane has also set an uninspiring example for cross-border defense cooperation as the program has been plagued by cost overruns and delays.
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Germany is the largest customer for the A400M, initially developed for seven European NATO nations at a cost of 20 billion euros but mired in delays and cost overruns.
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While in private business, acting Attorney General Matthew Whitaker walked away from a taxpayer-subsidized apartment-rehabilitation project in Iowa after years of cost overruns, delays and other problems.
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The company had in recent years canceled dividend payments and came close to a delisting following an accounting scandal and massive cost overruns at its U.S. nuclear business Westinghouse.
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Toshiba, the world's second-largest NAND chip maker, is depending on the sale to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse.
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"We're going to hold contractors, we're going to hold consultants accountable to explain how taxpayer dollars are spent — including change orders, cost overruns, and even travel expenses," he said.
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The programs have encountered numerous delays and cost overruns, and while the pair are supposed to fly together for the first time next year, that target date is dubious.
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Though the F-353 has been plagued by cost overruns and technical snags, it is a path-breaking aircraft that comes into its own when dodging enemy air defences.
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But the company has been hit by safety outages at dozens of its nuclear plants and has faced billions of euros of cost overruns on a nuclear construction project.
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"Program delays and cost overruns don't just delay the JWST's critical work, but they also harm other valuable NASA missions, which may be delayed, defunded, or discarded entirely," Rep.
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Sean Duffy, chair of the House Subcommittee on Insurance, Housing and Community Opportunity, told the Daily Caller after the publication reported on cost overruns on renovations to CFPB headquarters.
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The multinational Airbus A400M military transport plane has also set an uninspiring example for cross-border defence cooperation as the programme has been plagued by cost overruns and delays.
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Decried by critics as a boondoggle, the program has been beset by cost overruns, with software delays for the jets, corrosion and problems with tire durability and ejection seats.
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But flawless execution is particularly hard to come by in the aviation industry, where the giant nature of projects mean they are regularly subject to cost-overruns and delays.
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A multi-role, fifth-generation fighter, the F-22 Raptor began taking part in combat missions against ISIS in September 2014 after years of cost overruns and mechanical issues.
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Many oil and gas firms are grappling with cost overruns and production delays at facilities such as Chevron's Wheatstone condensate and LNG plant or Shell's Prelude floating LNG unit.
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And billions of dollars in cost overruns at Vogtle helped push its main contractor, Westinghouse Electric Co LLC, a subsidiary of Toshiba Corp of Japan, into bankruptcy in March.
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The organisers did not break ground until 2013, and the project, which they aimed to complete within a year, was plagued by a series of cost overruns and delays.
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Privately run fire departments have been a disaster, for-profit prisons are rife with cost overruns and human rights abuses, and charter schools don't consistently outperform their public counterparts.
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The Navy has struggled with cost and schedule overruns on the new Ford-class carriers — growing from $85033 billion to $36 billion in the last 10 years — prompting Sen.
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Toshiba's auditors have questioned practices at Westinghouse, where massive cost overruns at four nuclear reactors under construction forced its Japanese parent to estimate a $9 billion annual net loss.
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Thyssenkrupp announced a restructuring of its Industrials unit after the division triggered a profit warning in July, hurt by cost overruns at projects in Turkey, Saudi Arabia and Australia.
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"We have a serious problem with Boeing in the military side of it," the California Democrat told CNBC earlier this week, pointing to cost overruns and years of delays.
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Despite the painful cost overruns, the doping scandals and, in the case of Rio, the Zika virus scare, even Zimbalist admits that the Olympics do offer transient intangible benefits.
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PA, whose new third-generation reactor models have faced years of delays and big cost overruns, KEPCO has managed to build its reactors abroad on time and to budget.
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The plant's backers, including federal energy officials, have defended their work in recent years by saying that delays and cost overruns are inevitable with innovative projects of this scale.
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About two weeks after state regulators renewed the license for the project to continue, Mississippi Power admitted to regulators that it had concealed cost overruns of about $366 million.
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Chile was also at one time seen as an export partner for the aircraft, which has run into billions of euros of cost overruns and years of development delays.
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PDG has struggled with cost overruns since it purchased smaller rival Agre Participações SA in May 2010, while also dealing with Brazil's deep recession over the last two years.
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The project converts natural gas into plastics ingredient ethylene, and the overruns are expected to reach as much as $12.8 billion, up from a 2014 forecast of $8.9 billion.
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China developed the Hualong One reactor as a rival to the Westinghouse-developed AP1000 and Europe's "Evolutionary Pressurised Reactor", with both models beset by cost overruns and construction delays.
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China's efforts to build a domestic competitor to the A320 and Boeing 737 has featured delays and massive cost overruns, and the plane still does not seem to work.
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The last stage will involve some restructuring to remove costs related to the turnaround, which saw cost overruns increase by 98 million euros ($104 million) in the past year.
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Boeing/Lockheed Based on the tremendous cost and cost overruns of the Lockheed Martin F-35, I have asked Boeing to price-out a comparable F-18 Super Hornet!
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There are tens or hundreds of billions — depending on who you ask — in mismanaged funds via the Pentagon's contracting system and cost overruns, to say nothing of simple fraud.
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The problem revolves around delays and cost overruns in building seven of the 17 hospitals under a public private partnership (PPP) model promoted by Ankara to modernise health care.
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The Ford is the first of a new, more technologically advanced class of aircraft carrier, and cost about $13 billion to build after cost overruns and years of delay.
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President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns, but the price per jet has steadily declined as production increased.
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An oversight report published five months ago blasted "Boeing's poor performance" and said cost overruns are expected to double the company's expenses, to at least $8.9 billion, by 2022.
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Cost overruns at its American nuclear-power subsidiary and a general deterioration in the outlook for its other nuclear businesses abroad caused Toshiba to announce a ¥213bn ($22019bn) write-down.
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The Navy initially planned to order over 20 of the new destroyers but cost overruns and delays caused the number of ships ordered to be reduced to just three vessels.
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"I only wish that Northrop Grumman was willing to take responsibility and show a little bit more good faith, both to the taxpayer and for the cost overruns," Smith added.
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McCain, an Arizona Republican, called the cost overruns "disgraceful" and noted that the F-2145 program had originally promised 22020,235 fighters by fiscal year 235 but had only delivered 235.
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McCain has threatened to block the program as structured, arguing that the government could become liable for cost overruns if the program runs into trouble, as many weapons projects do.
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A 3.5-billion-euro bailout from seven core buyer nations - Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey - rescued the programme from cancellation in 2010 after delays and cost overruns.
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And its ability to run complex projects was in doubt after losing its role as sole operator of the huge Kashagan oilfield in 2008 due to delays and cost overruns.
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In reality, the terms of the deal mean Bombardier could pay Airbus to take over by agreeing to underwrite $700 million of risks related to cost overruns in coming years.
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The Government Accountability Office, Congress's research arm then known as the General Accounting Office, cautioned that assorted technological problems raised the specter of cost overruns, performance failures and production delays.
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The report, originally leaked to The Washington Post, is the latest in a long string of reviews that have identified schedule problems and cost overruns with the rocket's development program.
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Some analysts in India question the merit of huge nuclear projects, given the potential for cost overruns and long delays, and with the falling prices of alternative sources of energy.
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Westinghouse, owned by Japanese conglomerate Toshiba, filed for bankruptcy on Wednesday as a result of billions of dollars of cost overruns at four reactors under construction in the United States.
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Westinghouse filed for Chapter 11 on Wednesday in the wake of billions of dollars in cost overruns at two U.S. nuclear power plants it is building in the U.S. Southeast.
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The state-owned power company faces new cost overruns and delays of up to three years at the reactor it is building in northern France after the regulator ordered repairs.
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The CSeries, a new carbon-composite aircraft whose two models seat between 100 and 160 passengers, is due to enter service in 2016 after years of delays and budget overruns.
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Westinghouse filed for U.S. bankruptcy protection from creditors two weeks ago, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the Southeastern United States.
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In January 260, after a series of cost overruns, late deliveries, and a basic failure to catch people crossing the border, then Homeland Security chief Janet Napolitano pulled the plug.
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A Mississippi project, a centerpiece of President Obama's climate plan, has been plagued by problems that managers tried to conceal, and by cost overruns and questions of who will pay.
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The industry's reputation has been dented by long delays and huge cost overruns on stations of the same design under construction at Flamanville in France, as well as in Finland.
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The plan to build the King Abdullah Financial District (KAFD) began in 2006, but the project has been plagued by construction delays, cost overruns and doubts about finding enough tenants.
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Inpex has a majority stake of around 66 percent in the $40 billion project in northwestern Australia, which has seen multiple delays and significant cost overruns due to technical problems.
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Mr. Shanahan is well known for playing a key role in rescuing the Dreamliner during his career at Boeing when delays and cost overruns threatened the future of that project.
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The new, first-in-class aircraft carrier USS Gerald R. Ford is decked out with new technology, but work on the ship has been waylaid by cost overruns and delays.
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That's a big advantage for the class, and it's one of the reasons the Navy has pursued the Ford class despite the controversies over buggy new technology and cost overruns.
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Westinghouse, owned by Japanese conglomerate Toshiba , filed for bankruptcy on Wednesday as a result of billions of dollars of cost overruns at four reactors under construction in the United States.
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Less than 10 percent of initial delivery costs are spent on design, but poor design puts the public at risk and can lead to substantial construction delays and cost overruns.
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Delays and cost overruns at the projects, they said, meant that the construction company, CB&I Stone & Webster, was saddled with potential liabilities for which Westinghouse had failed to account.
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Astronauts are always short on time; their days are tightly programmed by mission control, and overruns on repairs or science experiments frequently cut into their already limited window for meals.
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The cost of a single new, Ford-class carrier – $10.5 billion without cost overruns – would consume nearly 20 percent of Trump's proposed $54 billion increase in next year's defense budget.
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In a written statement in July, John McCain, chairman of the Senate Armed Services Committee, noted the cost overruns and cited a list of crucial malfunctioning systems that remained unfixed.
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The European aircraft maker is slowing output of the A4003, the world's largest passenger jet, due to weak demand, while its A400M has been beset by delays and cost overruns.
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DHS eventually gave up on the Secure Border Initiative entirely in 2011, after several government reports indicated that the project had an unclear timeline, bad management, and big cost overruns.
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Thornberry and the committee drafted the legislation after more than a year of examining billions of dollars in cost overruns, schedule delays and other problems that have plagued defense procurement programs.
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President Donald Trump claimed Monday that Lockheed Martin cut $600 million off the cost of the F-35 fighter jet program that he has repeatedly slammed for cost overruns and delays.
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U.S. President Donald Trump and other U.S. officials have criticized the F-35 program for the delays and cost overruns, but the price per jet has declined as production has increased.
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Sources have said bankruptcy lawyers have been hired as an exploratory step for Westinghouse which has been plagued by huge cost overruns at two U.S. projects in Georgia and South Carolina.
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" State Auditor Elaine Howle's report said the high-speed rail authority's "flawed decision making and poor contract management have contributed to billions in cost overruns and delays in the system's construction.
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However, the company's 2017 EBITA fell to $598 million from $673 million a year earlier on a pro forma basis, hurt by cost overruns on some non-oil and gas contracts.
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The delay and cost overruns earned the tower a place on the "Corruptour", a new twice-a-week bus tour that shows off the capital's monuments to graft, fraud and mismanagement.
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The envisaged public infrastructure fund which will be managed by the Development Bank of Namibia (DBN) will improve the execution of some large public investment projects which are incurring cost overruns.
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EPM, owned by the Medellin city government, was this month put on a negative rating watch by Fitch due to likely delays in the project and concerns over possible cost overruns.
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Hoke said it was imperative to avoid mistakes made in the last big European military program, the troubled A400M military transporter, which has been plagued with cost overruns and technical challenges.
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EDF on Monday confirmed a 10.5 billion euro cost estimate for a similar European Pressurised Reactor (EPR) it is building in Flamanville, France, which has also suffered delays and cost overruns.
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N squared off in Delaware Supreme Court on Wednesday in a $2 billion dispute over the huge nuclear power plant cost overruns that led Westinghouse to file for bankruptcy in March.
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Westinghouse paid nothing up front, but agreed to accept all liabilities related to cost overruns at two power plants Shaw was building in partnership with Westinghouse in Georgia and South Carolina.
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While the price has declined with increased production, U.S. President Donald Trump and other U.S. officials have criticized it as too high, and have cited numerous production delays and cost overruns.
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Instead, the Republican delegation is going after a rail extension that is much smaller in scope than high-speed rail and has less room for future cost overruns or ridership shortfalls.
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Westinghouse Electric, a unit of Japanese conglomerate Toshiba, filed for bankruptcy on Wednesday, hit by billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast.
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Those problems have led to an estimated $22.2 billion in cost overruns and left in doubt the future of the two plants, the one in Georgia and another in South Carolina.
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Massive cost overruns at four nuclear reactors being constructed by Westinghouse in the Southeastern United States have forced Toshiba to estimate a $9 billion annual net loss and take drastic measures.
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"Based on the tremendous cost and cost overruns of the Lockheed Martin F-22019, I have asked Boeing to price-out a comparable F-18 Super Hornet!" the president-elect tweeted.
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It would have been America's largest public-works project and Christie axed the project because he said cash-strapped New Jersey could not afford billions of dollars in likely cost overruns.
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If ASN were to decide that Areva needs to replace the reactor vessel or lid because of the weak spots, the Flamanville project could face significant further delays and cost overruns.
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Yet delays, cost overruns and licensing trouble have kept the dam from generating profits so far, and one of the sources said some partners are not satisfied with the project's outlook.
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The F-35 has been widely criticized for being too expensive, including by President Donald Trump and other U.S. officials, who have also pointed to numerous production delays and cost overruns.
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Similarly, the making of the movie was an enormous challenge, with talk of budget overruns and reports that studio executives were terrified they had a modern-day disaster on their hands.
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German Defence Minister Ursula von der Leyen last month promised to carefully scrutinize the MDBA proposal to avoid the cost overruns and issues that have plagued previous German military procurement programs.
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The move comes after a unit of Scana and state-owned utility Santee Cooper abandoned two unfinished nuclear reactors in July after being dogged by billions of dollars in cost overruns.
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Japanese shares also ran into trouble after Toshiba Corp delayed an anxiously-awaited earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm.
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In the US and Britain, nuclear programs have been plagued by construction overruns, high upfront costs, regulatory roadblocks, and shifting electricity markets that make it tough to accommodate bulky new reactors.
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Cost overruns and missed deadlines on the reactors ― located in Georgia and South Carolina ― have effectively cost the Japanese parent company more than it originally paid to buy Westingthouse in 2006.
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But after the unexpected death of former managing director Guido Ghisolfi and cost overruns in the U.S., the group ran into trouble and filed for creditor protection for its Italian units.
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Government employees involved in the development of the new digital census system, intended to record all census data in 2020, allege cost overruns, spotty design and foreseeable security concerns, Reuters reports.
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The cost and time overruns of delivering the F-35 has made it a target of critics in Congress, including Senate Armed Services Committee Chairman John McCainJohn Sidney McCainFighter pilot vs.
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Trump said in a Twitter post Sunday that Spencer was fired over the way the Navy handled Gallagher's case as well as cost overruns that were not addressed to his satisfaction.
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A Southern extension of Interstate 69 — a public-private partnership championed by Pence — has been plagued with overruns and other issues, but overall, Indiana's roads are the best in the nation.
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Toshiba, which warned last month of multi-billion dollar charges for U.S. nuclear project cost overruns, wants to boost its capital base by the end of the financial year in March.
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Nor did it oversee contractors to prevent cost overruns and delays — or even, one Government Accountability Office audit found, make sure contractors had completed early steps before moving on to later ones.
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Westinghouse Electric Company, which filed for bankruptcy in March and is owned by Toshiba, has run up billion-dollar cost overruns while building four new nuclear reactors in Georgia and South Carolina.
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Toshiba is depending on the sale of the unit, the world's second-largest NAND chip maker, to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse.
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And if costs balloon even more, the other owners could sell a portion of their stake to Georgia Power in exchange for Georgia Power agreeing to pay their share of those overruns.
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Moreno said there were massive cost overruns, operational failings and non-transparent bidding processes at the five projects built during Rafael Correa's presidency, including a $2.2 billion upgrade to the Esmeraldas refinery.
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A move to file, however, allows the TVs-to-construction conglomerate to limit risks from future losses at Westinghouse, which has been plagued by huge cost overruns at two U.S. nuclear projects.
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Any direct-imaging telescope projects are going to cost billions of dollars to launch, and that may be difficult for Congress to swallow, especially given the delays and cost overruns of JWST.
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And, he said Boeing's KC-46 aerial tanker for the U.S. Air Force, which has incurred about $2.4 billion in cost overruns, is expected to begin generating positive cash flow next year.
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Since initial development of the new plane began in 1993, the Lockheed Martin-made F-35 has weathered a three-year delay, cost overruns, technical malfunctions and harsh criticism from political leaders.
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He's gone after automakers like Toyota for making cars in Mexico, Lockheed for cost overruns on the F-35 fighter jet program, and drug companies for high prices and anti-competitive behavior.
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The bid also relied heavily on making use of existing facilities across the city to tamp down on the sort of massive cost overruns that have been a hallmark of recent games.
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President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns, but the price per jet has steadily declined in recent years as production increases.
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A string of procurement delays, cost overruns and technical mismatches have interfered with attempts to renew the country's naval fleet, while deadlines for selecting a new warplane fleet have repeatedly been missed.
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The Martin Linge development has been plagued by delays and cost overruns, with the latest investment estimate seen at 41.3 billion Norwegian crowns ($5.1 billion), about 42 percent more than originally anticipated.
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But the industry was left battered by the 2011 Fukushima nuclear disaster and Toshiba's woes have only deepened - first with a 2015 accounting scandal and now damaging cost overruns at U.S. projects.
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But billions of dollars of cost overruns at four nuclear reactors under construction in the U.S. Southeast pushed Westinghouse into bankruptcy and resulted in a net loss of $9 billion at Toshiba.
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This is NASA's traditional method of awarding contracts, exemplified by the Boeing-built Space Launch System (SLS) rocket – which is now years behind and racking up billions of dollars in cost overruns.
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Toshiba is depending on the sale of the unit, the world's second-largest NAND chip maker, to cover billions of dollars in cost overruns at its now-bankrupt U.S. nuclear unit Westinghouse.
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Irregularities detected include unjustified cost overruns, improperly forgiven penalties for breaking contractual obligations and higher price tags for projects that competitors offered to do cheaper, Comptroller Edgar Alarcon told a news conference.
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Toshiba is counting on the sale to cover billions of dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse, while Western Digital says any deal would require its consent.
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Its size and complexity made a P3 model especially beneficial because of the potential for cost overruns, Sacr said at an infrastructure panel discussion in September, according to a Bond Buyer story.
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This new-generation pressurized water reactor is complex, and the company has experienced construction problems and severe cost overruns as it tries to finish the first ones in Finland and Flamanville, France.
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"The failed Fast Train project in California, where the cost overruns are becoming world record setting, is hundreds of times more expensive than the desperately needed Wall!" he added in another tweet.
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NASA's Inspector General said in an audit that "management, technical and infrastructure issues driven by Boeing's poor performance" had led to delays and cost overruns, raising questions about the future launch timetable.
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Trump and other U.S. officials have criticized the Pentagon's most expensive program for delays and cost overruns, but the price per jet has steadily declined in recent years as production ramps up.
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Tesla's cash crunch can be blamed on the company's continued delays and cost overruns associated with the production of the Model 3, Tesla's low-end electric vehicle (priced to sell at $35,000).
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Raul A. Contreras, a spokesman for the mayor, who is a Democrat, attributed the delays and overruns to the complications of rebuilding old housing stock in flood-prone areas of the city.
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The scandal led the company to recognize huge cost overruns at its now-bankrupt U.S. nuclear unit Westinghouse, and forced the conglomerate to sell its prized memory chip unit for $18 billion.
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The Spanish military's new submarine has been plagued by engineering problems and cost overruns during development, and the government will end up spending millions more than it had planned for the project.
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President Donald Trump and other U.S. officials have criticized the F-35 program for delays and cost overruns, but the price per jet has steadily declined in recent years as production increased.
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Mr. Shanahan is well known for playing a key role in rescuing the Dreamliner during his three-decade career at Boeing when delays and cost overruns threatened the future of that project.
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Eight years ago, amid budget overruns that threatened the solvency of NASA's other projects and earned Webb the sobriquet "the telescope that ate astronomy" from Nature magazine, Congress almost canceled the program.
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Their rational, rectilinear creations, made of silver or pricey oak, won a following among imperial Vienna's bourgeoisie, but perpetual cost overruns and the coming of war pushed the Wiener Werkstätte into decline.
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Years of delays, cost overruns and budget shortfalls have put the space agency behind in its exploration goals and calls into question the timelines set out to complete future missions, like Artemis.
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The decision to halt the program marks another blow to the government of leftist President Dilma Rousseff, who is facing impeachment proceedings over allegations of concealing fiscal overruns in the federal budget.
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The police raided the offices of his nonprofit foundation, the Nóos Institute, as part of an investigation initially prompted by huge cost overruns for the construction of a cycling track on Majorca.
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The politicians restrict their interest to the requisite jobs in their respective districts, regardless of budget overruns, or whether a specific weapons system still has strategic currency by the time it's finished.
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In July, South Carolina utilities abandoned efforts to build two similar reactors, advanced designs known as AP1000s, after delays and cost overruns associated with the project caused local utility bills to soar.
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But cost overruns hurt its bottom line, with analysts at Eight Capital saying the hit from maintenance of about C$250 million, or 31 Canadian cents a share, was bigger than expected.
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Toshiba has been scrambling for cash for months - since it shocked investors late last year with news of the cost overruns and delays at Westinghouse, which forced a hefty writedown and losses.
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The manufacturing problems further dented the reputation of Areva, whose flagship EPR reactor has suffered years of delays and billions of euros of cost overruns at construction sites in France and Finland.
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Trump wrote in a string of tweets Sunday that Spencer was fired over the way the Navy handled Gallagher's case as well as cost overruns that were not addressed to his satisfaction.
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Next door in Finland, the French state company Areva is building a 1,720-megawatt reactor now estimated to cost some $9.5 billion — three times the original price, thanks to delays and overruns.
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An internal audit of NASA's program found that preventable accidents, contract management problems, and other performance issues related to Boeing, the prime contractor, is largely responsible for the cost overruns and delays.
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"We think President Trump will continue to be outspoken on better pricing for defense programs with cost overruns, publicly encouraging companies involved to cut costs," Credit Suisse said in a research note Thursday.
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The GAO is expecting big cost and schedule overruns in the future, as NASA is embarking on several new projects, and as other expensive projects are taking longer than expected to roll out.
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The ECB added that Cyprus should resist the temptation of relaxing fiscal discipline, particularly in view of contingent financial sector liabilities, potential healthcare reform cost overruns and the cyclical nature of tax revenues.
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Many citizens may not have heard of NEPA, but they understand that federal red tape causes huge cost overruns and delays to roads and bridges, leading to traffic jams and infrastructure in disrepair.
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But the F-35 project has been beset by delays and cost overruns and the demands of the counter-ISIS mission have caused the Pentagon to reconsider its plans in the 2017 budget.
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TVO admits that negative attitudes towards nuclear power have risen as the construction of its third reactor at Olkiluoto has been plagued by delays, cost overruns and squabbles with the French-German contractors.
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McCain told reporters he would seek to block authorization of the new U.S. Air Force long-range strike bomber in its current form, arguing that cost-plus deals inevitably lead to cost overruns.
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The sale of the chip unit helped save Toshiba Corp from years of financial crisis brought about by accounting scandals and billions of dollars in cost-overruns at its U.S. nuclear unit Westinghouse.
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Toshiba's Westinghouse Electric Co filed for bankruptcy in March, overwhelmed by the cost overruns at the VC Summer plant in South Carolina and a similar unfinished nuclear project known as Vogtle in Georgia.
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This enrollment explosion has resulted in billions of dollars in cost overruns in states from Kentucky to Illinois to Oregon, redirecting limited taxpayer resources away from the truly needy and other budget priorities.
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However, Westinghouse's cost overruns for its nuclear power plants show how hard it's become for private entities to ensure an appropriate rate of return when the political or regulatory winds shift against them.
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Examples abound of cost overruns and long delays with government contracts under prevailing wage rules, from transit projects to nuclear waste facilities to veterans' hospitals — these laws provide no guarantee of improved quality.
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But billions of dollars of cost overruns at four reactors under construction in the U.S. southeast pushed Westinghouse into bankruptcy and resulted in a near-crippling net loss of $9 billion at Toshiba.
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Sumitomo Mitsui Banking Corp and Mizuho Bank Ltd have asked that Westinghouse file for Chapter 11 so that future losses from cost overruns at two U.S. projects can be contained, the paper said.
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But a surge in domestic natural gas production, billions of dollars in cost overruns on new projects, Japan's Fukushima accident in 2011, and multiple plant closures have the industry on its heels again.
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The Project on Government Oversight, a respected nonpartisan watchdog group, has determined that the plane may never be fully ready for combat, even as it experiences huge cost overruns and ongoing performance problems.
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Any plan that seeks credibility needs to account for these less-than-stellar scenarios, and also take into account the long history of government cost overruns that have come with health care delivery.
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"The failed Fast Train project in California, where the cost overruns are becoming world record setting, is hundreds of times more expensive than the desperately needed Wall!" he added in a second tweet.
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That plan began in 2015 when major South Korean shipbuilders reported losses as low oil prices drove an industry downturn, and cost overruns and delays in the construction of complex offshore facilities weighed.
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McCain says the Air Force has been spared from $1 billion in cost overruns on a new refueling plane being built by Boeing since that plane was developed under a fixed price contract.
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This highlights the pressure piling up on the builder that - reeling from cost overruns and deep losses at its projects - only last week flagged its fourth earnings downgrade in less than a year.
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Incentives for states to increase funding could be too generous, leading to cost overruns, or not generous enough, undermining the goal: to improve the ability of Americans to get an education debt-free.
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Unlike Westinghouse and France's Areva, whose new third-generation reactor models have faced years of delays and big cost overruns, KEPCO has managed to build its reactors abroad on time and to budget.
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State-run KGHM bought the Sierra Gorda project in Chile's Atacama Desert mining belt in 2011, its largest ever foreign acquisition, and began shipments in 2014 after cost overruns in the ramp-up.
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And new nuclear plants have also proven to be very costly, so we must not allow utilities and corporate project-developers to stick ratepayers with any expensive cost overruns associated with such projects.
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"Removal of Turkey from the supply chain will definitely create some delays in the production and delivery process ... I personally believe that it will not create drastic delays and cost overruns," he said.
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Trump wrote on Twitter that he was unhappy with the Navy's handling of Gallagher's trial and also suggested Spencer did not adequately address cost overruns and contracting issues persisting from the past administration.
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Plagued by cost overruns at U.S. projects in Georgia and South Carolina, Westinghouse has hired bankruptcy lawyers as an exploratory move, sources have said - an option that could help Toshiba limit future losses.
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"It was evident from the start that cost overruns, schedule delays and problems with an untested construction method" would doom the project, said Tom Clements, a senior adviser at Friends of the Earth.
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Although the California experience shows how local zoning concerns and cost overruns present challenges, the lessons learned show that we need a clear road map before implementation, rather than an ad hoc approach.
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The 2005 BRAC was advertised originally by the Pentagon of having an implementation cost of about $21 billion, but that number grew to about $35.1 billion, largely reflecting cost overruns from construction costs.
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Satoshi Tsunakawa, Toshiba's president, said at a news conference last month that Toshiba had approved the acquisition in the hope that, by taking direct control of Stone & Webster, Westinghouse could reduce cost overruns.
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Problems have been magnified by delays and cost overruns at two giant coal-fired plants, Medupi and Kusile, which were touted as a solution to power woes when construction began a decade ago.
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Since the 20080 vote, though, the project been plagued by delays and cost overruns, and polls show most California voters want the funds to go for something else other than high-speed rail.
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Brandenburg, on the other hand, is known by some as the home of Berlin's new airport, whose construction has been plagued by technical problems and cost overruns and is seven years behind schedule.
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This process can not only lead to less-efficient and more-expensive energy infrastructure, but the hectic back-and-forth can lead to longer project timelines, unexpected construction issues, delays and budget overruns. Cove.
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The company in June signed a long-expected deal with Quebec for the Canadian province to invest $1 billion in its CSeries aircraft program, which has struggled with years of delays and cost overruns.
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Lockheed Martin — President-elect Donald Trump tweeted that he has asked Boeing to price out a comparable jet to Lockheed's F-35 because of the "tremendous cost and cost overruns" of the F-35.
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On Tuesday, Trump lashed out at the manufacturing giant on Twitter and called for the government to cancel its deal with Boeing to develop the next generation of Air Force One, citing cost overruns.
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President Donald Trump and other U.S. officials have criticized the Pentagon's most expensive program for delays and cost overruns, but the price per jet has steadily declined in recent years as production ramps up.
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The government has established additional oversight for the Site C project to contain further cost overruns; however, the project remains complex and several years from completion, leaving risk for BC Hydro and the province.
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Bigot, the former head of French nuclear agency CEA, also said he expects the new delay will add 4 billion euros of cost overruns to the 14 to 15 billion euros estimated so far.
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Westinghouse, the nuclear arm of Japanese conglomerate Toshiba, filed for Chapter 11 bankruptcy protection on Wednesday after facing billions of dollars in cost overruns at power plants under construction in Georgia and South Carolina.
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Westinghouse, owned by Japan's Toshiba, filed for Chapter 11 bankruptcy in March after revealing billions of dollars in cost overruns at its U.S. projects, raising doubts about whether it can complete the India deal.
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Seven partners - Europe, the United States, China, India, Japan, Russia and South Korea - launched the International Thermonuclear Experimental Reactor (ITER) 10 years ago but the project has experienced years of delays and budget overruns.
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Accountants have been questioning the numbers at Westinghouse, where massive cost overruns at four nuclear reactors under construction in the Southeastern United States have forced Toshiba to estimate a $9 billion annual net loss.
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The smaller of the two CSeries planes, the CS100, which received certification in December from Transport Canada, is to enter service in 2016 after years of delays and billions of dollars in cost overruns.
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Despite all of these delays and cost overruns, NASA has still been giving "award fees" to Boeing and Lockheed, the primary contractors for SLS and Orion respectively, that have equaled out to $200 million.
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The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal two years ago, shocked investors in December by announcing major cost overruns at a U.S. nuclear business it bought in 2015.
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The F-35 has been widely criticized for being too expensive, including by U.S. President Donald Trump and other U.S. officials who have criticized the Pentagon's most expensive program for delays and cost overruns.
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The project has become a money pit as costs have ballooned from $7.7 billion CAD in 2012 to the current estimate of $153 billion CAD, and the overruns have led to a public inquiry.
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Though OVG will handle all construction costs and overruns, the city would be responsible for the effort and cost to remove any hazardous waste or materials found on the defined redevelopment site during construction.
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Development of NASA's flagship rocket, Space Launch System, whose main contractor is Boeing Co, is taking years longer than expected with cost overruns of nearly $2 billion, a federal audit released in June found.
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Early testing of the carrier's electromagnetic catapult failed in 2015 -- just one of several setbacks for a program that has been criticized by some lawmakers for a series of schedule delays and cost overruns.
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IVG, which went through insolvency proceedings in 2013 after cost overruns at its landmark Squaire building at Frankfurt airport made debt levels unsustainable, has sent out first information packages to prospective bidders, they said.
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The laptops-to-engineering conglomerate, still recovering from a $1.3 billion accounting scandal two years ago, shocked investors in December by announcing major cost overruns at the U.S. nuclear business it bought in 2015.
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A project like that would siphon the already low supply of skilled tradespeople away from other projects, and America could be looking at project delays, massive cost overruns and infrastructure plans that never materialize.
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BCA was not going to avoid lending to any particular sector because of default risks due to dollar exposure, but Setiaatmadja noted a risk of cost overruns for infrastructure projects that use imported steel.
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The country owns 34% of the mine, Mongolia's biggest foreign investment project, but lawmakers claim delays and cost overruns have meant it has run up more debt from the project than income thus far.
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And despite fears of cost overruns, the British government has argued that, whatever the cost, Hinkley Point C is needed to keep the lights on and to help replace the country's aging power plants.
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They stand to make staggering sums from building them, especially given the chronic "cost overruns" of such defense contracts — $163 billion in the far-from-rare case of the F-35 Joint Strike Fighter.
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The White House has shown frustration with the pace of NASA's efforts, especially with its premier workhorse rocket known as the Space Launch System, which is years behind schedule and plagued with cost overruns.
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Japanese TV-to-rail conglomerate Toshiba has been battered by a $6.3 billion hit from overruns in the nuclear business and has widened a probe into governance failures at its U.S.-based unit, Westinghouse.
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In late 1968, the structure of the consortium took a major shift when the British government decided to pull its support in the wake of the massive cost overruns associated with the Concorde program.
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T2S has already faced delays and cost overruns since its inception in 2008, when total development costs were put at 203 million euros, an estimate that rose to 256.4 million euros within two years.
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Cost overruns will require the reallocation of $500 million from the city's budget, a spokeswoman from the mayor's office said, on top of the $1.7 billion in federal funds that have already been budgeted.
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Westinghouse faces spiraling cost overruns at nuclear plant projects in the United States, and Toshiba said on Tuesday that it would like to sell all, or part, of its controlling stake in the company.
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The long-awaited Berlin Brandenburg Airport, a new international airport delayed for nearly a decade by cost overruns and mismanagement, is slated to open this fall — "if a miracle happens," Mr. Jahnsch said jokingly.
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"We would also expect various indigenous groups to pursue acquiring the pipeline", Gillies wrote, adding that any further cost overruns would make Trans Mountain an unattractive M&A candidate for existing Canadian infrastructure companies.
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The French Nuclear Safety Authority (ASN) said earlier this year that EDF faced new cost overruns and delays of up to three years at the nuclear reactor in Flamanville after the regulator ordered repairs.
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Questions about the cost overruns have dogged the Trump inaugural committee for years, although aides who worked on the events say the money was spent in good faith, and everything was just very expensive.
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The rebuilt Geffen Hall is scheduled to open in March 2024, though it has not been unusual for major concert halls, including the glamorous new Elbphilharmonie in Hamburg, to face delays and cost overruns.
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"Markets will look to Treasury to provide clarification on expenditure overruns, debt-stabilisation methods, stimulus support in a weak growth environment and state-owned entities reform," Rand Merchant Bank analysts said in a note.
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Rail fans sometimes get annoyed by discussion of planning snafus and cost overruns in the US train sector because, of course, at the end of the day, far more money is spent on highways.
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Years of underfunding by Congress and cost overruns on the digital transition have forced the agency to pare back its preparations, including abandoning two of the three trial runs of the overhauled census process.
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Construction started during the George W. Bush administration, but has been plagued by long delays, cost overruns and little interest from commercial nuclear plants in buying the fuel that the plant was designed to produce.
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That could involve new advanced technologies like small modular reactors, which have the potential to avoid the cost and time overruns that have plagued the construction of some high-profile nuclear plants in recent years.
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Los Angeles won its bid to host the 2028 Olympics and though the games are 11 years away, already, the City Council has unanimously endorsed the Olympic bid and agreed to cover any cost overruns.
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"What happened at that convention center is that the city and state took a great piece of property and a great project and ruined it through terrible planning and ridiculous cost overruns," reads his book.
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Both programs have been plagued by cost overruns and delays, which have garnered them plenty of critics who argue that NASA should rely on commercial rockets that are already flying and are cheaper to fly.
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For Petrobras, the explanation is that its share price had already sunk before the car-wash affair began in earnest, reflecting cost overruns that were an augury of the epic mismanagement that the scandal revealed.
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WASHINGTON, Aug 1 (Reuters) - U.S. Senator Chuck Grassley asked newly confirmed Defense Secretary Mark Esper on Thursday about cost overruns and technical issues that have "plagued" the Pentagon's high-priced F-35 fighter jet program.
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Lockheed's F-35 fighter jet is seeing marked improvements after years of technical issues and cost overruns, but the jet's highly complex Autonomic Logistics Information System, or ALIS, has continued to prove challenging, officials say.
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Negotiations with Westinghouse Electric to build six of its AP1000 reactors in the southern state of Andhra Pradesh have been complicated by its bankruptcy filing in March, triggered by huge overruns at its U.S. projects.
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The program has experienced extensive delays and cost overruns, but the price per jet has steadily declined as production increased, Lieutenant General Chris Bogdan of the U.S. Department of Defense said at Australia's Avalon Airshow.
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Sources familiar with the company have said, however, it is one of several options being considered as it struggles to limit losses in the United States where it is facing cost overruns at two projects.
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While Trump and other U.S. officials have criticized the F-35 program for delays, cost overruns and high aircraft costs, the program has been stabilizing in recent years and the costs have been coming down.
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Bombardier said in October it would slash 7,500 jobs worldwide, mostly in its train-making division, in a second round of layoffs announced last year, following extended delays and budget overruns in its aerospace business.
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Montreal-based Bombardier said last month it would cut 7,500 jobs, mostly in its train-making division, in the second round of layoffs this year, following extended delays and budget overruns in its aerospace business.
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Launched 15 years ago, the world's largest weapons program was plagued for years by cost overruns and technical challenges, but with more than 180 F-35 jets now flying it is finally hitting its stride.
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"Generally, we told them that in our opinion the sum is too high," he told reporters, referring to announcements from the oil majors that cost overruns would balloon project expenses by 25% to $45.2 billion.
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The formula gives Puerto Rico flexibility during the rebuilding process but requires the island to pay for any cost overruns, putting it at risk of being on the hook for costly receipts down the road.
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This problem is compounded by the fact that the Savannah River Site in SC, NNSA's proposed location to produce 50 of the 85033 pits annually, has been plagued with decades of cost overruns and mismanagement.
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In executives' offices, any rap against a movie or an actor—cost overruns for "The Revenant," sexual-harassment allegations against Casey Affleck—is attributed to a Machiavellian rival working the grapevine or manipulating a journalist.
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Its American nuclear subsidiary, Westinghouse Electric, sought bankruptcy protection in March after delays and cost overruns at two nuclear-plant projects in the United States cost Toshiba $6 billion in write-offs, rendering it insolvent.
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An alternative plan was then put forward by the contractor, the legal notices says, but in the end, it alleges that the KBF decided to go with the original plan, which included significant cost overruns.
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Cost overruns plagued development of the plane and in 22018, U.S. government figures estimated development and procurement of the airplane would hit $2350 billion, almost doubling original figures and making it the costliest weapons program ever.
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"All Americans, regardless of their political views, can recognize that government stagnation has hindered our ability to properly function, often creating widespread congestion and leading to cost overruns and delays," he said to The Washington Post.
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SANTIAGO, July 31 (Reuters) - AES Gener, the Chilean arm of AES Corp, said on Monday that it forecast possible fresh cost overruns on its Alto Maipo hydropower mega-project after problems with its construction and contractors.
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Cost overruns plagued development of the plane and in 2013, U.S. government figures estimated development and procurement of the airplane would hit $400 billion, almost doubling original figures and making it the costliest weapons program ever.
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WHEN Paul Somers realised that Digital Realty Trust, the real-estate investment company where he was vice-president, was playing fast and loose with securities rules, including hiding $7m in cost overruns, he alerted senior management.
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It said it was taking another A$64 million impairment charge for an investment in a technology-led freight management planning system, which the company was terminating because of the risk of cost overruns and delays.
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That has prompted some aerospace analysts to speculate the deal could fall through unless Bombardier agrees to soften the blow for Delta, whose support for the CSeries rescued a programme beset by delays and cost overruns.
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While the spacecraft has run into numerous delays and cost overruns, the JWST will be even more powerful than Hubble when it launches, capable of observing galaxies and stars that formed shortly after the Big Bang.
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The deal with an agency representing Belgium, Britain, France, Germany, Luxembourg, Spain and Turkey is designed to put Europe's largest defence project back on track after lengthy debate over cost overruns and shortfalls in military capability.
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Attempts to renegotiate ownership and a long dispute over taxes and cost overruns led to the suspension of construction on the underground tunnels at Oyu Tolgoi in 2013, and also scared off investment for other projects.
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The Japanese group said cost overruns at U.S. power projects handled by a nuclear construction business newly acquired from Chicago Bridge & Iron (CB&I) would be much greater than initially expected, potentially requiring a huge writedown.
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Clashing over who should shoulder potential liabilities related to cost overruns and over calculations for working capital for the unit, CB&I sued Toshiba's Westinghouse division after Westinghouse said it was owed more than $2 billion.
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Toshiba is rushing to find a buyer for the business, which it values at $18 billion or more, to cover billions of dollars in cost overruns at its now-bankrupt U.S. nuclear business Westinghouse Electric Corp.
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Alto Maipo - which includes two power plants and a vast array of tunnels running deep under the Andes Mountains - slid into technical default in July after it dismissed one of its contractors, leading to cost overruns.
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Russian state firm Rosatom is a contender to build the nuclear reactors and has been talking up its chances of winning the contract, given delays and cost overruns at French competitor Areva and Japanese-owned Westinghouse.
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But the way NASA expects to execute those plans continues to change, as billions of dollars in cost overruns and years of delays have made the Space Launch System (SLS) rocket and Orion spacecraft less viable.
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PARIS, July 5 (Reuters) - The French government has requested an independent audit of EDF's Flamanville nuclear plant, which faces new cost overruns and delays of up to three years after a regulator ordered repairs last month.
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The audit will "determine whether the Navy is managing the development" of the system to "ensure that it meets performance requirements without cost increases or schedule overruns," the office wrote in its fiscal 2019 audit plan.
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GOES, along with a second, polar-orbiting weather satellite network operated by NOAA, has faced cost overruns and program delays due to technical issues and mismanagement, according to a December 2015 U.S. Government Accountability Office report.
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An act towards achieving this goal would be giving preference to "fixed price" contracts rather than "cost plus" contracts that have a history of contributing to cost overruns in the context of major defense acquisition programs.
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The Montreal-based company, which has struggled in recent years with cost overruns in its aerospace unit, said on Friday it will cut about 7,500 jobs globally with about two-thirds of those in Bombardier Transportation.
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The F-35 program, the Pentagon's single largest weapons project, ran into technical problems and cost overruns for years, but U.S. officials say it has improved and that costs have fallen for the past five years.
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The audit will "determine whether the Navy is managing the development" of the system to "ensure that it meets performance requirements without cost increases or schedule overruns," the office wrote in its fiscal 2019 audit plan.
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Despite the consistent growth, the F-35 has been widely criticized for being too expensive, including by U.S. President Donald Trump and other U.S. officials, who have also pointed to numerous production delays and cost overruns.
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"Initial cost overruns more than doubled the cost of each LCS, development costs for the ships and their modules now exceed $6 billion dollars, and they keep rising," the senator said at a hearing in June.
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The cost-plus contracts essentially mean the government picks up the cost of the contractor's expenses, including the cost of materials, but it also has led to more situations of cost overruns, particularly for the Navy.
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Despite such large IT expenditures, we have previously reported that investments in federal IT too often result in failed projects that incur cost overruns and schedule slippages, while contributing little to the desired mission-related outcomes.
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Despite the cost overruns, NASA has awarded Boeing at least $146 million and Lockheed $87 million in "award fees" to stay on schedule, but "the programs have not always achieved overall desired outcomes," the report said.
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Over the years, a single oil venture in the Caspian Sea owned by ExxonMobil and other majors stumbled through so many cost overruns and technical problems it gained an unfortunate nickname: the "Cash-all-gone" field.
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To supplement the agency's collection efforts, Congress ordered it to hire outside firms — an approach that was tried twice before, in 1996 and in 2006, and then abandoned because of cost overruns and concerns about abuses.
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"Despite past production delays, parts shortages, labor cost overruns and other difficulties, we expect Tesla to benefit from its dominant position in the electric vehicle industry and to improve performance in 2020 and beyond," it added.
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Earnings from its Asset Solutions Americas unit, which accounts for about 35% of group revenue, were hurt by cost overruns on certain projects and a slowdown in shale activity in the second half, the company said.
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Toshiba had set a 2 trillion yen threshold for the sale as it rushes to find a buyer to cover billions of dollars in cost overruns at its now-bankrupt U.S. nuclear business Westinghouse Electric Corp.
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As a partner in a public project, the private sector is on the hook for cost overruns and delays and may be contractually obligated to pay hefty fines or other penalties when the results are lackluster.
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The internet modernization plan has been hobbled by cost overruns, partisan maneuvering and a major technical compromise that put 19th-century technology between the country's 21st-century digital backbone and many of its homes and businesses.
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He does not expect any U.S. utility to build new reactors after delays and cost overruns at Southern Co's Vogtle in Georgia and Scana Corp's Summer in South Carolina forced nuclear construction firm Westinghouse into bankruptcy.
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The division triggered a profit warning in July, hurt by cost overruns at projects in Turkey, Saudi Arabia and Australia and adding yet another item Thyssenkrupp's list of problems, which also include a vacant chairman position.
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TOKYO, Feb 14 (Reuters) - Japanese stocks dropped on Tuesday afternoon, with Toshiba Corp's diving after it delayed its earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm.
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Carey overruled objections to the plan by Portland General Electric, which had sued Abengoa over alleged cost overruns and construction defects at a power plant in Oregon, and by the U.S. Trustee, a government bankruptcy watchdog.
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At least, the optimistic take goes, this will bring some certainty to a venture that has been beset by virtually every problem that can afflict massive foreign investments: environmental worries; corruption scandals; technical setbacks; cost overruns.
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The A400M was developed for Spain, Belgium, Britain, France, Germany, Luxembourg and Turkey and has been beset by delays and cost overruns which have taken it well beyond the original budget of 20 billion euros ($23 billion).
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Sarkozy is accused of "knowingly underestimating" elements of his campaign financing, and the prosecutor's office recommended on Monday he stand trial with 13 others in the so-called Bygmalion Affair, involving spending overruns and allegedly illegal financing.
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PANAMA CITY (Reuters) - Panama opened the long-delayed $5.4 billion expansion of its shipping canal amid cheering crowds on Sunday, despite looming economic uncertainty in the shipping industry and a heated battle over billions in cost overruns.
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PARIS (Reuters) - The international ITER project to build a prototype nuclear fusion reactor will be delayed by more than a decade and faces another 4 billion euros of cost overruns, its director told French daily Les Echos.
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The Bain consortium last year won a long and highly contentious battle for the unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis.
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SINGAPORE (Reuters) - Australia's plans for a huge increase in its production of liquefied natural gas are being dealt a big blow by a series of production delays, as energy companies struggle with technical problems and cost overruns.
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This is because, in a potential Westinghouse bankruptcy, Scana and Southern Co would be among Westinghouse's largest creditors, owed the cost overruns on the projects, which tally in the billions of dollars, one of the people added.
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Clashing over who should shoulder potential liabilities related to cost overruns and over calculations for net working capital for the unit, CB&I sued Toshiba's Westinghouse division after Westinghouse said it was owed more than $2 billion.
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The company this year said it has faced cost overruns of more than $300 million as it works to build those facilities, part of a plan to supply the white metal for use in electric vehicle batteries.
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To calculate costs overruns, the report looked at the "bid book" cost forecasts when a city began campaigning for the games, then the "outturn cost," which was the actual total cost of games-related construction and services .
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The contract contains a pass-through of performance risks and cost overruns to the consortium contractors, including Bombardier Transportation Signal (Thailand) Limited, which has a proven record as the E&M contractor of the existing Green Lines.
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Trump, who since December has bashed cost overruns in the Lockheed Martin-made F-35 fighter jet and the Boeing-produced Air Force One, recently turned his attention to the Navy's Electro-Magnetic Aircraft Launch System (EMALS).
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The Bain consortium last year won a long and highly contentious battle for the business, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged it into crisis.
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OSLO (Reuters) - Offshore oil services providers stand to gain as oil companies increase approvals for new projects, but the activity boom raises risks of cost overruns and could deter future spending, researcher Rystad Energy said on Thursday.
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The scandal also led Toshiba to recognize large cost overruns at its now-bankrupt U.S. nuclear unit Westinghouse, and sell its memory chip business to a consortium led by private equity firm Bain Capital for $18 billion.
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Toshiba was undone by its push into construction through Westinghouse, its U.S. nuclear arm that ran up billions of cost overruns as two key U.S. projects were delayed by years to meet growing safety demands post-Fukushima.
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Overall, CBO's $494 billion estimate breaks down in $432 billion for Pentagon and Energy Department plans and $62 billion for what the budget office estimates will be additional costs based on past cost overruns for nuclear programs.
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On the back of the thriving domestic industry, state-run utility Kepco has emerged as one of the few international players capable of successfully building nuclear reactors, unlike overseas rivals mired in cost overruns and construction delays.
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In April last year, after delays and massive costs overruns, Russia launched its first rocket from Vostochny, a day after a technical glitch forced an embarrassing postponement of the event in the presence of President Vladimir Putin.
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A day after meeting with Hewson at his Mar-a-Lago resort in Florida, Trump announced via tweet that he asked Boeing to "price-out a comparable" jet because the F-35 program had "tremendous" cost overruns.
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Cost overruns and performance issues with such major weapons as the F-35 fighter jet and missile defense systems have been well documented in the past, raising doubts about the Pentagon's ability to responsibly manage taxpayer dollars.
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A day after meeting with Hewson at his Mar-a-Lago resort in Florida, Trump announced via tweet that he asked Boeing to "price-out a comparable" jet because the F-35 program had "tremendous" cost overruns.
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The Ford has a suite of new technology, and its development has been plagued by cost overruns and delays — its delivery to the Navy in May 2017 was two years late — though work on it is progressing.
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Trump says that he was not pleased with the Navy&aposs handling of the Gallagher case, nor was he satisfied with the way the service&aposs leadership handled cost overruns on projects, like the Ford-class carrier.
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"We know that a good part of the cost overruns are down to failures on the part of CB&I," Finance Minister Mauricio Cardenas told journalists, referring to the Texas- and Netherlands-based contractor by its initials.
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The head of South Carolina's state-owned electric utility announced his retirement on Friday, less than a month after the utility abandoned a nuclear project that was stymied by delays and billions of dollars in cost overruns.
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TOKYO (Reuters) - Japan's biggest oil and gas explorer Inpex Corp sees minimal cost overruns on its Ichthys liquefied natural gas (LNG) export plant in Australia because of a start-up delay, a senior executive said on Friday.
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The board of Santee Cooper, a state-owned utility, voted to halt construction on Monday of two unfinished nuclear reactors at the V.C. Summer generating plant, which have been dogged by billions of dollars of cost overruns.
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Asked how he would force the drug companies to do that, he noted the public pressure that he had exerted on other companies, mentioning his Twitter posts criticizing cost overruns for Lockheed Martin's F-35 fighter jet.
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Westinghouse has been plagued by huge cost overruns at two U.S. projects in Georgia and South Carolina, and liabilities related to those projects mean it is unlikely to be an easy asset to sell, despite attractive technology.
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It said its performance throughout 2016 was hurt by problems related to projects in Saudi Arabia that led to cost overruns and a hit to its revenue, and these were mostly reflected in its fourth quarter results.
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Strong local opposition to the project, haggling over price, massive delays and cost overruns at EPRs under construction in France and Finland and the takeover of Areva's reactor arm by EDF are also delaying the huge project.
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"All Americans, regardless of their political views, can recognize that government stagnation has hindered our ability to properly function, often creating widespread congestion and leading to cost overruns and delays," Trump said in a statement to the Post.
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Toshiba will on Tuesday detail a write-down of close to $2315 billion after bruising cost overruns at its U.S. nuclear arm, turning investor attention to the Japanese group's efforts to fix that and other balance sheet headaches.
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The Bain consortium won a long and highly contentious battle for the prized unit, which Toshiba put up for sale after billions of dollars in cost overruns at its Westinghouse nuclear unit plunged the Japanese conglomerate into crisis.
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Murayama aims to make what he calls "electronic materials" the most profitable business at JX after cost overruns at its key Caserones copper mine project in Chile and weaker copper prices that have weakened the firm's financial health.
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Teollisuuden Voima (TVO) and an Areva-led consortium with Siemens are claiming billions of euros from one another in an arbitration suit over cost overruns and delays to the reactor Areva is building in Olkiluoto, Finland, for TVO.
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The likes of Royal Dutch Shell, ExxonMobil and BP make discoveries described as "elephants"; their cost overruns alone can run into the tens of billions of dollars; and projects take the best part of a decade to complete.
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Zodiac disclosed late on March 14 new cost overruns and slashed its earnings guidance, with the company now forecasting annual core operating income falling by around 10 percent, against a previous forecast of a 10-20 percent rise.
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They asked about costs that didn't exist 10 years ago, and found high levels of builder frustration, not just from labor, but from cost overruns stemming from new regulations for house erosion control, energy codes and fire sprinklers.
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But many challenges remain, with bankers and analysts warning most cities in India typically have antiquated or opaque accounting methods, while infrastructure projects suffer from frequent delays or cost overruns that can jeopardise the ability to pay bondholders.
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A bankruptcy filing will allow Pittsburgh-based Westinghouse, whose nuclear plant projects have been dogged by delays and cost overruns, to renegotiate or break its construction contracts, although the utilities that own the projects would likely seek damages.
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Defence Minister Ursula von der Leyen said Zimmer had been Suder's deputy since she arrived at the ministry in 2014, helping to shape reforms aimed at bringing order to military buying after repeated cost overruns and technical setbacks.
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"We expect to come in bang on the nose in and around a deficit of 0.2 percent this year as projected, with the good things being counteracted by overruns in other areas," Prime Minister Leo Varadkar told parliament.
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TOKYO (Reuters) - Budapest, Los Angeles and Paris have expressed confidence in their ability to control costs as they prepare for the final phase of bidding for the 2024 Summer Olympics, unworried by steep overruns at next host Tokyo.
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An endless series of news stories and government reports details bloated spending and bureaucratic dysfunction that leads to lengthy delays and rampant cost overruns for major defense projects like the new F-35 fighter and Littoral Combat Ship.
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Early testing of the carrier's plane-launching electromagnetic catapult failed in 2015, which was just one of several setbacks for a program that has been criticized by some lawmakers for a series of schedule delays and cost overruns.
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In March 2016, the 9th U.S. Circuit Court of Appeals said Mateski's claims went beyond known problems in developing the NPOESS, which suffered from delays and cost overruns, and overturned Wright's dismissal of the case three years earlier.
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After winning the competition to design a new stadium for the 2020 Olympics in Tokyo, Ms. Hadid's firm was fired by Japanese authorities, over accusations about looming cost overruns, a decision Ms. Hadid loudly declared unjust and political.
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EDF also said it would commit to provide "limited" financial guarantees to CGN, particularly in case of cost overruns related to delays, or in the event that European authorities challenge EDF's "Contract for Difference" with the UK government.
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Soon after cementing his status as one of Hollywood's hottest directors with the best picture Oscar for "The Deer Hunter" in 1979, he became an industry pariah following the cost overruns and critical savaging of "Heaven's Gate" (653).
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Hit by massive cost overruns at its now bankrupt U.S. nuclear unit Westinghouse, Toshiba needs billions of dollars in fresh loans to tide it over before it can complete the $18 billion sale of the memory chip unit.
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It followed a pledge by Senate Armed Services Committee Chairman John McCain to block the Air Force's use of a cost-plus type of contract, which holds the government responsible for cost overruns, for the Northrop bomber program.
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It has been forced to recognize huge cost overruns at two projects to build the first nuclear reactors in the United States in 30 years, stemming from design changes such as reinforcing the plants to withstand aircraft crashes.
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TVO and Areva are already claiming billions of euros from one another at the International Chamber of Commerce's arbitration court because of delays and cost overruns on the project which was originally due to start operation in 2009.
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He used his high-platform moment to urge Mr. Trump to consider the governor's signature project — a high-speed train between San Francisco and Los Angeles — whose future is in doubt because of cost overruns and Republican opposition.
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Utility regulators in Georgia unanimously approved plans on Thursday to continue building the only two nuclear reactors still under construction in the United States, despite years of delays and multibillion-dollar cost overruns that have plagued the project.
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PARIS, Oct 28 (Reuters) - EDF chief executive Jean-Bernard Levy still has the government's support, French Finance Minister Bruno Le Maire said on Monday, after long delays and costs overruns at the French utility's Flamanville nuclear plant project.
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At a confirmation trial this week, Abeinsa's bankruptcy exit plan faced objections from a holdout creditor, Portland General Electric Corp, that has sued the company over alleged cost overruns and construction defects at a power plant in Oregon.
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But the clock is ticking for Toshiba, which was still recovering from a $1.3 billion accounting scandal in 2015 when it was hit by billions of dollars of cost overruns at its U.S. nuclear unit Westinghouse in December.
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And when Senator William Proxmire, Democrat of Wisconsin and chairman of the subcommittee, asked him about the C-22006A overruns, Mr. Fitzgerald volunteered, "Your figure could be approximately right," and outlined the program's cost control and administrative failures.
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Design-build, the D.D.C. says, should reduce delays and budget-overruns and work around the department's troublesome rule about hiring the lowest-bid contractors, whose ineptitude often ends up costing the city a fortune, stalling projects for years.
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Martin said the organization's "can do" culture, while commendable and even a bit understandable, gives project managers the expectation that failed projects will receive additional funding, and that the resulting scientific successes will overshadow any delays or budgetary overruns.
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Westinghouse, bought from the British government in 2006 at twice the expected price, and a small U.S. deal agreed in 2015, proved too much for Toshiba, as cost overruns at the U.S. business piled up and costly delays lengthened.
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COLUMBIA, S.C. (Reuters) - South Carolina utilities said on Monday they are abandoning two unfinished reactors that were once hailed as the start of a U.S. nuclear power renaissance before they were dogged by billions of dollars in cost overruns.
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NASA's Space Launch System (SLS) mega rocket and the Orion spacecraft — designed to take people to deep space destinations like the Moon and Mars — are facing possible delays and cost overruns, according to a new independent report released Wednesday.
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Toshiba has valued its chip unit at at least 2 trillion yen ($18 billion) and is depending on the sale to help plug to cover billions in dollars in cost overruns at its now bankrupt U.S. nuclear unit Westinghouse.
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Asked about avoiding the pitfalls of other mega projects in the region, which have suffered long delays and cost overruns and sometimes fell far short of expected returns, Reininger said Qiddiya stood apart by fulfilling a clear economic need.
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But he also faces issues he should be better able to control including cost overruns and delays at the group's giant copper project in Mongolia and operational problems that have impacted production at the flagship Pilbara iron ore assets.
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T) Sara Barczak of the Southern Alliance for Clean Energy (SACE) said the new estimate adds $9 billion to its projected cost of the Vogtle project, which has been beset by delays and billions of dollars of cost overruns.
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Senate Armed Services Committee Chairman John McCain said on Thursday he would block the Air Force's use of a cost-plus type of contract for the long-range bomber since it would hold the government responsible for cost overruns.
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Toshiba this week booked a $6.3 billion charge related to huge cost overruns at Westinghouse, forcing it to put its flash-memory chip business up for sale to stay solvent and pull out of nuclear power plant construction overseas.
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The company chose an untested design for its nuclear power plant at Vogtle, Georgia, but massive cost overruns there and at another utility's similar project in South Carolina forced contractor Westinghouse to file for Chapter 11 protection in March.
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"All of the problems, vices and defects of Italian public works are evident in this one project," said Luigi Giampaolino, head of the National Audit Court between 2010-2013 when it launched an initial investigation into early cost overruns.
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Fletcher Building announced the NZ$750 million ($545.10 million)capital raise on Tuesday as well as plans to create a banking facility of NZ$500 million as it seeks to address huge cost overruns in its commercial building unit.
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PARIS, March 27 (Reuters) - French utility EDF has agreed to shoulder part of Chinese partner CGN's financial risks should there be delays or cost overruns in the Hinkley Point nuclear project in Britain, weekly Le Journal du Dimanche reported.
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Investors have been concerned by the company's debt, largely due to delays and cost overruns at its Lake Charles Chemicals project (LCCP) in Louisiana, that forced its former joint CEOs to resign in a bid to restore shareholder confidence.
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The General Accounting Office (GAO) identified $1463 billion in cost overruns, including $800 million that NASA obscured in previous reports on its Space Launch System (SLS), the rocket and capsule that will eventually take humans back to the moon.
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The first moon landing by astronauts is to occur on the third launch of S.L.S. The delays and cost overruns of S.L.S. frustrate many space aficionados, as well as NASA's inspector general and the United States Government Accountability Office.
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The first moon landing by astronauts is to occur on the third launch of S.L.S. The delays and cost overruns of S.L.S. frustrate many space aficionados, as well as NASA's inspector general and the United States Government Accountability Office.
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Cost overruns and repeated delays have long been a feature of Afghanistan's many foreign-run projects, sometimes with disastrous results (the completion of the Kajaki Dam, a half-billion-dollar project of the American government, was delayed by years).
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TOKYO (Reuters) - Tokyo Olympics organizers sought to reassure Japan's public that the cost for hosting the Games will not exceed budgeted estimates, amid worries over possible overruns caused partly by late venue switches for the marathon and walking events.
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The Panama Canal Authority said in a statement that the board rejected a complaint last month asking the authority to cover cost overruns by Grupo Unidos Por el Canal (GUPC), a consortium led by Spain's Sacyr and Italy's Impregilo .
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The court said Mateski's claims went beyond publicly disclosed problems in developing the National Polar-Orbiting Operational Environmental Satellite System, which suffered from delays and cost overruns, including problems outlined in a U.S. Government Accountability Office report from November 2005.
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TOKYO, Feb 133 (Reuters) - Japanese stocks fell more than 1 percent on Tuesday, with investor sentiment soured after Toshiba Corp delayed its earnings release, including details of a multibillion dollar charge related to cost overruns at its U.S. nuclear arm.
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Hit by massive cost overruns at its now bankrupt U.S. nuclear unit, Toshiba needs billions of dollars in fresh loans to tide it over before it can complete the $18 billion sale of the memory chip unit, which has currently stalled.
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Ichthys has been plagued by delays and cost overruns and while the project was slated to cost $34 billion, that figure is now closer to $37 billion after Inpex said in 2015 that costs had climbed by about 10 percent.
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A November audit report of the state's High-Speed Rail Authority, the agency tasked with planning, constructing, and eventually operating the rail line, said that "flawed decision-making" and "poor contract management" have contributed to billions of dollars in cost overruns.
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Toshiba wants to complete the deal as quickly as possible to help cover billions of dollars in cost overruns at its now-bankrupt Westinghouse nuclear unit and to dig itself out negative shareholders' equity that could lead to a delisting.
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And it works badly wherever there are risks that private capital cannot gauge or reasonably bear, such as cost overruns due to delays in regulatory clearance or to "tail risks" which the state simply cannot lay off, such as nuclear decommissioning.
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But these projects have also been plagued by delays and cost overruns: The two reactors at the Vogtle Plant in Georgia, for instance, are now estimated to cost $16 billion, some $3 billion over budget and three years behind schedule.
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The deal represents a rare case of Tokyo negotiating down the price of military hardware from its U.S. ally and underscores progress for the Lockheed Martin Corp-run F-35 program, which has faced criticisms over cost overruns and other problems.
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Much of commercial construction has evolved at a glacial pace and is among the least digitized sectors in the world, consultants McKinsey & Co said in a February report that underscored the industry's low productivity and chronic cost overruns and downtime.
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Toshiba, still recovering from a $1.3 billion accounting scandal in 2015, shocked investors again last month by announcing cost overruns at a U.S. nuclear business bought in 2015 which could now mean a charge against profit that could top $4 billion.
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INCJ's role in rescuing Japan's struggling tech industry could intensify as it considers buying a stake in the chip business that Toshiba has put up for sale to help cover billions of dollars of cost overruns at its nuclear unit.
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Oyu Tolgoi's underground expansion has been beset by delays, cost overruns and political squabbles, prompting the government of Mongolia, which owns 34% of the mine, to set a vote for August to cancel parts of an investment agreement with Rio Tinto.
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"The UK government negotiated a competitive deal which protects consumers and ensures that all of the cost of construction, including any overruns, sits with the contractor," a spokeswoman for the Department for Business, Energy and Industrial Strategy said in an email.
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WASHINGTON (Reuters) - A strong stakeholder engagement program at a liquefied natural gas export plant on Canada's West Coast has helped pare the risk of delays and cost overruns for the C$40 billion ($30.1 billion)project, a project executive told Reuters.
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The subway connecting downtown Rio to the Olympic Park in Barra de Tijuca was inaugurated days before the Games started in August, after a series of delays and budget overruns doubled the cost to nearly 10 billion reais ($3.2 billion).
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PARIS (Reuters) - France's ability to deliver a smooth-running 2024 Olympic Games could be hurt by expected delays to a massive expansion of the Paris metro network which already faces multi-billion euro cost overruns, French senators warned on Wednesday.
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Still, Boeing is taking a "thoughtful approach" to the potential project following a series of cost overruns and delays with its last jet program, the 787, and has yet to discuss possible pricing, Air Lease Executive Chairman Steven Udvar-Hazy said.
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The deal represents a rare case of Tokyo negotiating down the price of military hardware from its U.S. ally and underscores progress for the Lockheed Martin Corp-run F-35 program, which has faced criticism over cost overruns and other problems.
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"The extreme overruns of NOx emissions that have meanwhile been detected with an Opel Zafira, a Renault Espace, a Mercedes C-Class and now a Fiat SUV are technically not plausible and point towards defeat devices," campaigner Axel Friedrich said.
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He said the company also faces issues it should be better able to control including cost overruns and delays at the copper project in Mongolia, as well as operational problems that have impacted production at the flagship Pilbara iron ore assets.
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The contract gives the city a greater share of any financial surplus from the Games and includes an IOC contribution of $2 billion but also leaves Los Angeles to cover any cost overruns associated with the $5.3 billion sporting event.
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While these efforts represent an innovative approach with a good track record on execution, USDS has been criticized for growing too big and too quickly under the Obama administration, while 28500F has been hampered by cost overruns and inefficient staffing allocations.
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After the deal was completed, CB&I sued Westinghouse over how working capital in the deal should be calculated and which firm would shoulder potential liabilities related to cost overruns at two delayed nuclear power plant projects in the United States.
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Still battered by a 2015 accounting scandal, Toshiba was plunged back into crisis when it emerged late last year that it had to account for huge cost overruns at a U.S. power plant construction business recently acquired by its Westinghouse division.
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But the Tokyo Stock Exchange has so far shown little sign of taking an immediate hard-line stance against Toshiba as the company and the authorities grapple with the fallout from huge cost overruns at now bankrupt U.S. nuclear unit Westinghouse.
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The General Accounting Office (GAO) identified $1.8 billion in cost overruns, including nearly $1 billion that NASA obscured in previous reports on its Space Launch System (SLS), the rocket and capsule that will eventually take humans back to the moon.
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