As India's economy opened up to foreign investors, megaprojects in the energy sector got under way.
Will a Severn Barrage join the list of infrastructure megaprojects favoured by the government?
Economic megaprojects can help the economy and can create new jobs.
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These megaprojects aren't going away, especially in the developing world.
These megaprojects are all clamoring for funds and chasing tenants.
MacDonald ran his numbers using equivalent GDP ratio, which he says is a better method than inflation-adjusting when it comes to assessing relative historical impacts of megaprojects like telescopes or churches.
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That tells him that if the petrol giants thought oil prices were going to stay high, they would hold on to more of their profits to invest in more exploration acreage and megaprojects.
The new chairman also steps into control of an agency that faces an uncertain budgetary future, four so-called megaprojects to complete in coming years, and a massive, not-yet-determined repair bill to cover infrastructure that was destroyed or damaged by Sandy.
Not many people subscribe to the notion that it is better for countries to borrow, except when they are talking about the U.S. It is time for a paradigm shift: Asian countries should stop being thrifty and learn to indulge in huge borrowing in order to build megaprojects, as did Malaysia's former prime minister, Dr. Mahathir.
At approximately the same time as the Putin meeting, several hundred attendees from Japan, S. Korea, Russia and the U.S. gathered at a separate Moscow location to attend the Megaprojects of Russia's East Conference, the first in a series of conferences organized by several Russian economic development agencies and regional governments to discuss efforts surrounding the project.
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