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Patrick Boyle On Finance

The Mirage of Megaprojects: Why the West Keeps Getting Infrastructure Wrong

Patrick Boyle On Finance

Patrick Boyle

Business, Investing

4.9308 Ratings

🗓️ 21 July 2025

⏱️ 20 minutes

🧾️ Download transcript

Summary

Britain once built world-class infrastructure with speed and purpose—now it plans ideas like a £24 billion extension cords to Morocco that are unlikely to ever work. This video dives into the rise and fall of the Xlinks Morocco–UK Power Project, exploring how overcomplication, bespoke design, and regulatory gridlock have turned modern megaprojects into cautionary tales. From fish discos at Hinkley Point C to 31,000-page environmental assessments, we ask: have we forgotten how to build? And what can we learn from countries like Ireland in the 1920s—or South Korea today—about getting big things done?

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Transcript

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0:00.0

Okay, imagine this. You're in the UK, it's grey and raining as usual, and someone

0:05.6

pitches you the idea to run a 4,000 kilometre extension cord from your house to the deserts

0:12.1

of Morocco so that you can power your kettle with solar energy. That's basically what

0:17.4

X-Links, the now cancelled Green Energy Power Project, was.

0:21.8

In what was supposed to be a triumph of engineering and climate ambition, the X-Links

0:26.6

Morocco UK Power Project was designed to be a 77 square mile solar array, a 580 square

0:34.9

mile wind farm, and a 50 square mile battery array, all based in Morocco and connected

0:41.6

to the UK with the world's longest undersea power cable. The project would have supplied

0:47.8

8% of the UK's electricity at a cost of 24 billion pounds. And that's if you believe that there wouldn't be cost

0:56.3

overruns, which there always are. Critics of the project called it Green colonialism, with Green

1:03.4

Peace saying that it was just another case of the global North exploiting the global

1:08.4

South for energy. While Africa's strong solar and wind potential

1:13.2

make it an attractive place to produce green energy, many residents question that the energy

1:19.6

should be exported rather than used internally. Unfortunately, the X-Links project has joined a growing

1:27.2

graveyard of planned mega-projects

1:29.7

that are grand envision, bloated in cost and ultimately undone by their own complexity.

1:36.0

From high-speed rail lines that never reach their destination to nuclear plants with underwater

1:41.4

acoustic systems, dubbed the fish disco by the press, which is supposed

1:46.2

to deter marine life, Western countries have become astonishingly bad at building core infrastructure.

1:53.4

The question is no longer why these projects fail, but whether we've forgotten how to succeed.

1:59.6

X-Links was supposed to be privately funded, but the developers were depending on a 25-year

2:05.9

contract for difference, or CFD from the UK government, which is a fancy way of saying,

...

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