 Megaprojects and Risk

**Megaprojects** are large-scale, complex ventures that typically involve significant infrastructure, construction, or engineering initiatives. These projects often have budgets exceeding $1 billion and usually take several years to complete. Examples of megaprojects include the construction of airports, bridges, highways, rail systems, and energy facilities, as well as large urban development projects. Due to their size and complexity, megaprojects often have far-reaching economic, social, and environmental impacts.