Millennium Post

Cost overrun of 295 delayed infra projects crosses Rs 1 trillion

As many as 295 infrastructure sector projects worth Rs 150 crore or more are delayed with total cost overrun of Rs 1,01,436 crore, Parliament was informed on Thursday.

"As per the 346 Flash Report of August 2014 released by the Ministry of Statistics, out of 720 central sector infrastructure sector projects costing Rs 150 crore and above, 295 projects were delayed," Planning Minister Rao Inderjit Singh said in a written reply to the Rajya Sabha. "The original cost of the 295 delayed projects is Rs 5,48,838 crore and anticipated cost is Rs 6,50,274 crore, thus leading to a total cost overrun of Rs 1,01,436 crore," he said.

Out of 295 delayed projects, 62 projects have overall delay in the range of 1-12 months, 66 projects have delay in the range of 13-24 months, 98 projects have delay in the range of 25-60 months and 69 projects have delay of 61 months and above, he added.

The road sector accounted for the maximum number of 92 delayed projects with total cost overrun of Rs 1,975 crore.
PTI

PTI

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