National transporter Indian Railways account for nearly three-fifths of 344 central sector projects that are facing huge cost overrun due to delay in implementation for various reasons.
Total cost overrun of 205 delayed railway projects is whopping ₹2.21 lakh crore, the latest flash report of the Statistics and Programme Implementation Ministry (MOSPI) for December 2018 showed. The MOSPI monitors central sector projects involving an expenditure of ₹150 crore and above.
According to the report, the total original cost of these 205 projects was ₹1,68,116.34 crore up to December 2018. The total anticipated cost of these projects is estimated at ₹3,89,745.97 crore, which indicates overall cost escalation by 131.83 per cent. Read More
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