Project owner Electricité de France now expects to complete the project between 2029 and 2031 and estimates its cost at between $39 billion and $43 billion.
Global construction volume will grow by 1.2% this year and by 3% annual average over the rest of the decade, forecasts London-based Global Construction Perspectives in a report released Jan. 23.
The project was budgeted to cost $57 billion at 2019 prices, but an executive says poor planning and construction cost inflation are impacting the price.