ZMĚNA INVESTIČNÍCH NÁKLADŮ REGIONÁLNÍCH ROZVOJOVÝCH PROJEKTŮ
COST OVERRUNS IN REGIONAL DEVELOPMENT PROJECTS

Author(s): PETR HALÁMEK
Subject(s): Economic history, Economic policy, Transformation Period (1990 - 2010), Present Times (2010 - today), Accounting - Business Administration
Published by: Masarykova univerzita nakladatelství
Keywords: cost overruns; evaluation of the regional development projects; realization period
Summary/Abstract: The aim of the paper is to verify whether there is an increase in the amount of investment costs in regional development projects between the time of decision and completion of implementation. This assumption was not confirmed in the evaluated set of 911 projects implemented with the support from the Regional Operational Programme South-East in 2008-2015 in the South Moravian Region and the Vysočina Region. The average difference in investment costs is -3.7%, it means decrease of the investment costs. In terms of the identification of causes, only a slight dependence on the length of implementation was documented. Dependence on investment volume for projects up to CZK 100.0 million was not confirmed. The largest increase in investment costs was documented for projects implemented by the private sector (average increase in investment costs by 17%). A likely cause is the effort of the private sector to maximize the use of subsidies.

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