Infographic: 9 Construction Projects That Broke the Bank
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9 Construction Projects That Broke the Bank

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9 Construction Projects That Broke the Bank

9 Construction Projects That Broke the Bank

Large and sophisticated construction projects have a tendency to go over-budget and to sometimes stall indefinitely. However, there have been some that have disappointed more than others. Today’s infographic covers some of the most notorious construction projects that quadrupled in cost, become obsolete, or were downright botched.

For good reference before reading this list, it may be worth checking out this previous infographic: Top 10 Civil Engineering Projects of All-Time.

10 Construction Projects that Broke the Bank

1. Ryugyong Hotel, Pyongyang (North Korea)

Construction began in 1987 and stopped in 1992 after North Korea spent as much as 2 percent of its GDP on the project and funding dried up.

2. Montreal-Mirabel Airport (Canada)

After $1 billion and five years of construction, this airport was hoped to take 50 million passengers a year. Instead it took 2.8 million, and ended up becoming a testing and cargo airport.

3. Millennium Dome, London (United Kingdom)

Costing $1.1 billion, ticket sales for attractions were well below expectations. The dome’s operator only made $275 million in revenues and were accused of fraud by vendors and suppliers.

4. Burj Khalifa, Dubai (United Arab Emirates)

The construction of the world’s tallest building coincided with the global financial crisis. Taking six years and costing $1.5 billion, Dubai had to borrow money from Abu Dhabi to complete it and the majority of residencies remain vacant.

5. Strait of Messina Bridge (Italy)

This 3.3 km bridge was expected to link Sicily to the Italian mainland. In 2013, it was discontinued because of lack of funds, and concerns that money would go to the Sicilian and Calabrian mafias.

6. Mose Project, Venice (Italy)

This project hopes to prevent Venice from sinking deeper into the lagoon on which the city is located. $7 billion has been spent to date, but it has been hampered with delays because of Italy’s economic condition.

7. The Channel Tunnel (UK and France)

50km long, underneath the English Channel, the Channel Tunnel continues to be a heavy financial toll. The rail link connecting London to the British side of the Channel opened, costing $13.8 billion, the most expensive individual construction effort in the country’s history.

8. The Big Dig, Boston (United States)

The original cost estimate for the Big Dig, an underground road of eight to ten lanes, was expected to be $2.6 billion. Now it is expected that with interest, the total cost will come to $22 billion.

9. The International Space Station (Space!)

Costing over $100 billion over 13 years, the space station is the most expensive science project ever attempted. Critics suggest that the money could have better spent on robotic spacecraft missions or space exploration.

Original graphic from: Gutter Masters

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Markets

The Best Selling Vehicles in America, By State

From Fords in the Midwest to Toyotas on the coasts, here are the best selling vehicles in America, visualized by state.

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The Best Selling Cars in America, By State Shareable

The Best Selling Vehicles in America, By State

From Ford trucks in the Midwest to Toyotas on the coasts, the best selling vehicles in America reveal a lot about the country.

Compared to other countries with fewer highways or narrower roads, the U.S. is very much a truck-friendly country. Across the U.S., the most sold vehicle in 2019 was the Ford F-Series of trucks, primarily the F-150.

As the home of the world’s pioneer automotive manufacturers, including Ford and GM, consumers primarily purchase local brands. But that hasn’t stopped Toyota, the largest foreign manufacturer in the world, from also gaining a foothold.

This graphic uses 2020 sales data from automotive information resource Edmunds.com, breaking down the best selling vehicles in each state through new vehicle retail registration.

What Are the Best Selling Vehicles in Each State?

Despite a slowdown in vehicle sales due to the COVID-19 pandemic and a global chip shortage, Americans still bought plenty of trucks last year.

In fact, 48 out of the 50 states had a truck or SUV as the top selling vehicle in 2020—and most states actually had trucks taking all of the top three spots. The only two with a car topping the leaderboard were California and Florida.

Top Selling Vehicle By State (2020)#1#2#3
AlabamaFord F-SeriesChevrolet SilveradoToyota Camry
AlaskaRam 1500-3500Ford F-SeriesChevrolet Silverado
ArizonaRam 1500-3500Ford F-SeriesChevrolet Silverado
ArkansasRam 1500-3500Ford F-SeriesChevrolet Silverado
CaliforniaHonda CivicToyota RAV4Toyota Camry
ColoradoFord F-SeriesRam 1500-3500Toyota RAV4
ConnecticutHonda CR-VToyota RAV4Subaru Forester
D.C.Toyota RAV4Honda CR-VSubaru Forester
DelawareFord F-SeriesChevrolet SilveradoRAM 1500-3500
FloridaToyota CorollaFord F-SeriesToyota RAV4
GeorgiaFord F-SeriesChevrolet SilveradoRAM 1500-3500
HawaiiToyota TacomaToyota 4RunnerToyota RAV4
IdahoFord F-SeriesRAM 1500-3500Chevrolet Silverado
IllinoisFord F-SeriesHonda CR-VChevrolet Silverado
IndianaChevrolet SilveradoFord F-SeriesChevrolet Equinox
IowaChevrolet SilveradoFord F-SeriesRAM 1500-3500
KansasFord F-SeriesChevrolet SilveradoRAM 1500-3500
KentuckyChevrolet SilveradoFord F-SeriesRAM 1500-3500
LouisianaFord F-SeriesChevrolet SilveradoRAM 1500-3500
MaineFord F-SeriesChevrolet SilveradoRAM 1500-3500
MarylandToyota RAV4Ford F-SeriesHonda CR-V
MassachusettsToyota RAV4Honda CR-VFord F-Series
MichiganFord F-SeriesChevrolet EquinoxRAM 1500-3500
MinnesotaChevrolet SilveradoFord F-SeriesRAM 1500-3500
MississippiFord F-SeriesChevrolet SilveradoRAM 1500-3500
MissouriFord F-SeriesChevrolet SilveradoRAM 1500-3500
MontanaFord F-SeriesRAM 1500-3500Chevrolet Silverado
NebraskaFord F-SeriesChevrolet SilveradoRAM 1500-3500
NevadaRam 1500-3500Ford F-SeriesToyota RAV4
New HampshireFord F-SeriesChevrolet SilveradoToyota RAV4
New JerseyHonda CR-VHonda CivicToyota RAV4
New MexicoFord F-SeriesRAM 1500-3500Chevrolet Silverado
New YorkHonda CR-VToyota RAV4Jeep Cherokee
North CarolinaFord F-SeriesChevrolet SilveradoRAM 1500-3500
North DakotaFord F-SeriesChevrolet SilveradoRAM 1500-3500
OhioFord F-SeriesRAM 1500-3500Chevrolet Silverado
OklahomaFord F-SeriesRAM 1500-3500Chevrolet Silverado
OregonToyota RAV4Ford F-SeriesRAM 1500-3500
PennsylvaniaFord F-SeriesRAM 1500-3500Honda CR-V
Puerto RicoToyota RAV4Toyota YarisToyota Corolla
Rhode IslandToyota RAV4Honda CR-VFord F-Series
South CarolinaFord F-SeriesChevrolet SilveradoRAM 1500-3500
South DakotaFord F-SeriesRAM 1500-3500Chevrolet Silverado
TennesseeFord F-SeriesChevrolet SilveradoRAM 1500-3500
TexasFord F-SeriesChevrolet SilveradoRAM 1500-3500
UtahFord F-SeriesRAM 1500-3500Chevrolet Silverado
VermontFord F-SeriesToyota RAV4RAM 1500-3500
VirginiaFord F-SeriesToyota RAV4Honda CR-V
WashingtonToyota RAV4Ford F-SeriesRam 1500-3500
West VirginiaFord F-SeriesChevrolet SilveradoRam 1500-3500
WisconsinFord F-SeriesChevrolet SilveradoRam 1500-3500
WyomingRam 1500-3500Ford F-SeriesChevrolet Silverado

The Ford F-Series was the clear leader in sales, primarily in the Midwest. With a top-selling spot in 60% of U.S. states, the F-Series was the best selling vehicle in America.

Combined with the Chevrolet Silverado and Ram 1500-3500 series, the big three American truck brands accounted for 73% of the top three selling vehicles across all American states and territories.

Japanese Automakers in the Mix

Though American manufacturers had the best selling cars in most states, they had some overseas competition.

Japanese manufacturers Toyota and Honda had the top-selling vehicle in 11 states (and D.C.). They primarily captured car sales along the coastlines, including in California, Florida, New York and Washington, some of the most populated states in the country.

America's Best Selling Vehicles (2020)Type# Times in Top 3
Ford F-SeriesTruck45
Ram 1500-3500Truck36
Chevrolet SilveradoTruck33
Toyota RAV4SUV18
Honda CR-VSUV10
Chevrolet EquinoxSUV2
Honda CivicCar2
Subaru ForesterSUV2
Toyota CamryCar2
Toyota CorollaCar2
Jeep CherokeeSUV1
Toyota 4RunnerSUV1
Toyota TacomaTruck1
Toyota YarisCar1

Despite many cars being available for sale in the U.S., only seven manufacturers made the top-selling vehicles list in 2020.

  • Ford
  • Ram
  • Chevrolet
  • Toyota
  • Honda
  • Subaru
  • Jeep

With the full effects of the COVID-19 pandemic yet to be reflected in the sales, and electric vehicle manufacturers like Tesla on the rise, how will the best selling vehicles in America evolve?

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Markets

Mapping The Biggest Companies By Market Cap in 60 Countries

Tech, finance or energy giant? We mapped the biggest companies by market cap and industry.

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Mapping The Biggest Companies By Market Cap in 60 Countries Share

The Biggest Companies By Market Cap in 60 Countries

Tech giants are increasingly making up more of the Fortune 500, but the world’s biggest companies by market cap aren’t so cut and dry.

Despite accounting for the largest market caps worldwide—with trillion-dollar companies like Apple and contenders including Tencent and Samsung—tech wealth is largely concentrated in just a handful of countries.

So what are the biggest companies in each country? We mapped the largest company by market cap across 60 countries in August 2021 using market data from CompaniesMarketCap, TradingView, and MarketScreener.

What are the Largest Companies in the World?

The world has 60+ stock exchanges, and each one has a top company. We looked at the largest local company, since many of the world’s largest firms trade on multiple exchanges, and converted market cap to USD.

CountryCompanyIndustryMarket Cap (August 2021)
USAAppleTechnology$2.5T
Saudi ArabiaSaudi AramcoEnergy$1.9T
TaiwanTSMCTechnology$594.5B
ChinaTencentTechnology$554.0B
South KoreaSamsungTechnology$429.7B
FranceLVMHConsumer Cyclical$414.3B
SwitzerlandRocheHealthcare$350.0B
NetherlandsASMLTechnology$322.6B
JapanToyotaConsumer Cyclical$251.6B
DenmarkNovo NordiskHealthcare$236.7B
IrelandAccentureTechnology$208.2B
IndiaReliance IndustriesEnergy$198.1B
AustraliaBHP GroupMaterials$191.7B
CanadaShopifyTechnology$185.7B
UKAstrazenecaHealthcare$182.0B
GermanySAPTechnology$174.6B
SingaporeSEATechnology$152.3B
Hong KongAIAFinancials$146.4B
BelgiumAnheuser-Busch InbevConsumer Staples$122.7B
SpainInditexConsumer Cyclical$108.3B
BrazilVALEMaterials$103.9B
RussiaSberbankFinancials$96.7B
ItalyEnelUtilities$93.7B
ArgentinaMercadoLibreConsumer Cyclical$89.5B
SwedenAtlas CopcoIndustrials$84.1B
South AfricaNaspersTechnology$74.1B
NorwayEquinorEnergy$67.9B
UAEEtisalatCommunication$58.7B
MexicoWalmexConsumer Staples$58.1B
IndonesiaBank Cental AsiaFinancials$54.8B
KazakhstanKaspi.kzFinancials$49.8B
QatarQNBFinancials$48.2B
FinlandNordea BankFinancials$48.0B
LuxembourgArcelorMittalMaterials$36.3B
AustriaVerbundUtilities$33.7B
ThailandPTT PCLEnergy$30.1B
ColombiaEcopetrolEnergy$26.7B
MalaysiaMaybankFinancials$23.7B
PhilippinesSM InvestmentsConsumer Cyclical$22.9B
KuwaitKuwait Finance HouseFinancials$21.9B
PortugalEDP GroupUtilities$21.0B
VietnamVinhomesReal Estate$17.1B
IsraelNICETechnology$16.9B
KenyaSafaricomCommunication$16.0B
Czech RepublicÄŒEZ GroupEnergy$15.8B
New ZealandXeroTechnology$15.8B
TurkeyQNB FinansbankFinancials$15.8B
HungaryOTP BankFinancials$15.6B
ChileEnel AmericasUtilities$14.3B
MoroccoMaroc TelecomCommunication$13.6B
PolandPKO Bank PolskiFinancials$12.6B
CyprusPolymetalMaterials$10.0B
NigeriaDangote GroupMaterials$10.0B
BahrainAhli United BankFinancials$8.6B
GreeceOTE GroupCommunication$8.4B
PeruCredicorpFinancials$8.0B
EgyptCommercial International BankFinancials$5.9B
IcelandMarelIndustrials$5.8B
OmanBank MuscatFinancials$4.2B
PanamaCopa HoldingsIndustrials$3.1B

Many are former monopolies or massive conglomerates that have grown in the public space, such as South Africa’s Naspers and India’s Reliance Industries.

Others are local subsidiaries of foreign corporations, including Mexico’s Walmex, Chile’s Enel and Turkey’s QNB Finansbank.

But even more noticeable is the economic discrepancy. Apple and Saudi Aramco are worth trillions of dollars, while the smallest companies we tracked—including Panama’s Copa Group and Oman’s Bank Muscat—are worth less than $5 billion.

Finance and Tech Dominate The Biggest Companies By Market Cap

Across the board, the largest companies were able to accumulate wealth and value.

Some are newer to the top thanks to recent success. Canada’s Shopify has become one of the world’s largest e-commerce providers, and the UK’s AstraZeneca developed one of the world’s COVID-19 vaccines.

But the reality is most companies here are old guards that grew on existing resources, or in the case of banks, accumulated wealth.

IndustryBiggest Companies by Country
Financials16
Technology12
Energy6
Materials5
Communication4
Consumer Cyclical4
Utilities4
Healthcare3
Industrials3
Consumer Staples2
Real Estate1

Banks were the most commonly found at the top of each country’s stock market. Closely behind were oil and gas giants, mining companies, and former state-owned corporations that drove most of a country’s wealth generation.

But as more economies develop and catch up to Western economies (where tech is dominant), newer innovative companies will likely put up a fight for each country’s top company crown.

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