Millennium Post

'302 infra projects delayed, total cost overrun Rs 1.45 lakh crore'

302 infra projects delayed, total cost overrun Rs 1.45 lakh crore
New Delhi: As many as 302 infrastructure projects worth Rs 150 crore and above are delayed with a total cost overrun of Rs 1.45 lakh crore as on November 1, 2017, Parliament was informed on Wednesday.
"As on November 1, 2017, a total of 1,283 projects (worth Rs 150 crore and above) are being monitored by this ministry.
Of these, 302 are running behind their schedule. The cost over-run of these 302 delay projects is Rs 1,45,679.07 crore," Minister of State for Statistics and Programme Implementation Vijay Goel said in a written reply to the Lok Sabha. The major steps were undertaken to ensure completion of central sector infrastructure projects without the time and cost over-runs that include: rigorous project appraisal, OCMS for better monitoring and setting up of revised cost committees in the ministries for fixation of responsibility for time and cost over-runs.


Our contributor helps bringing the latest updates to you

Share it