Cost overruns in infrastructure projects: lessons in LAC and enhancement of the analytical tools to manage IDB Projects

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This TC aims to continue contributing to the analysis of cost overruns on large investment projects and their causes, to improve the design and implementation of projects by the IDB and LAC countries. Specifically, this implies:(I) Improving the methodology for stochastic analysis of infrastructure project costs by testing the predictive capacity of the model and facilitating its application through a computer tool(Ii) Complete the analysis of design cases and Implementation of Infrastructure megaprojects, focused on establishing evidence of the impact of the institutional environment on their success (measured by the existence of overcharges and overdrafts)(Iii) Produce recommendations regarding the use of different contracting mechanisms for large infrastructure projects(Iv) Systematize lessons learned from innovations in the structuring of infrastructure financing, and support for their diffusion