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An Evaluation Of The Causes Of Abandoned Public Development Projects
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The abandonment of development
projects is not unique to Nigeria as it is also present in other
countries, e.g. United States (Hicks 2008), Spain (Carrero et al. 2009),
Dubai, Abu Dhabi, Saudi Arabia, Qatar, Bahrain, Kuwait, and Russia
(SPIEGEL 2009). However, in ABUJA this problem has been plaguing long
enough at a scale that deserves more attention. In 2000, there were 514
abandoned housing projects in Abuja with an estimated value of RM 7.5
billion (see Table 1.1). Even though the number has been gradually
decreasing, it is reported that in September 2012 there are still a
total of 95 abandoned housing projects involving 37,316 units of houses
and 26,170 house buyers (MHLG 2012). On top of the figure, there are
also other non-housing projects being abandoned throughout the years.
For instance, the Plaza Rakyat, a RM 1.5 billion mix use project,
remains abandoned even though it was scheduled to be completed in 1998
(Jayaraj, 2009). These are some of the problems of abandoned
development projects plaguing the development industry in ABUJA.
Despite the seriousness of the issue, there appears to be a lack of
research. It is found that previous studies lack comprehensiveness, i.e.
involving
both questionnaire survey and interviews, involving all the key
players, and involving both housing and non-housing projects.
1.1 Rationale for Research
The
abandonment of development projects has resulted in many adverse
consequences to the economy, society and environment. Economically, it
is a waste of useful resources. The consequences of abandoned projects
are far reaching as the development industry plays a major role in the
economy of a developing country like ABUJA. Moreover, a typical
development project involves many trades and participants, who are
linked with other upstream and downstream industries (Ng 2009b). These
include suppliers of development materials, transportation companies,
manufacturers of plant and machinery, etc. who will be seriously
affected if a development project is abandoned. For a public project, if
it is abandoned the economic impacts are never directly felt by the
general public as they are absorbed by the government‟s reserves.
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ABSRACT - [ Total Page(s): 1 ]Abandonment of development projects (ACP) is considered one of the most common and serious problems plaguing the Abuja development industry given the number and the value of the projects involved. It affects not only the immediate purchasers but also other project players and the general public. Sometimes it also involves expending public fund to revive abandoned projects. Yet, research is scarce on this issue; hence this research was conducted to investigate the problems. Firstly the ... Continue reading---
