245 infrastructure projects in India delayed, 345 report cost overrun


245 infrastructure projects in India delayed, 345 report cost overrun

As many as 245 projects have shown time overrun, while cost escalation has been found in 345 cases — out of 1,315 infrastructure projects monitored by the government, Parliament was informed.

The Ministry of Statistics and Programme Implementation monitors on-going Central Sector Infrastructure Projects (CSIPs) costing Rs 150 crore and above on time and cost overruns.

The information is provided by the project implementing agencies on the On-line Computerized Monitoring System (OCMS) of the ministry.

“As on April 1, 2018, a total of 1,315 projects were on the monitor of this Ministry,” Minister of State for Statistics and Programme Implementation Vijay Goel said in a written reply to Lok Sabha. Read More

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