Norra länken – A case study

University essay from KTH/Fastigheter och byggande; KTH/Fastigheter och byggande

Abstract:

This is an essay written at the Royal Institute of Technology in Stockholm in the

degree programme Civil Engineering and Urban Management. The focus is on real

estate economics, which is a part of the department of Real Estate and Construction

Management. The paper studies the construction of Norra länken in Stockholm in a

so-called case study. The focus has been directed towards the economics of the

project where we analyze the measures that are required to cope with the budget.

The analysis shows that the project has benefited greatly from the experience the

construction of Södra länken provided. Furthermore savings has also been made in

several different areas. The study also shows that the project has managed to keep

both the budget and the initial timeline.

The calculations underlying the budgets are made with the so-called successive

method. This study shows, however, that the reliability and accuracy on this method

should be strongly questioned. The difference between the estimated final cost and

the actual final cost increases the further into the project should be seen as a sign that

the method is flawed.

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