358 projects worth Rs 3.53 lakh crore report cost overruns: MOSPI


358 projects worth Rs 3.53 lakh crore report cost overruns: MOSPI

As many as 358 infrastructure projects worth Rs 150 or above, entailing a total investment of Rs 3.53 lakh crore, reported cost overruns as on August 1, 2018, Parliament was informed Wednesday.

The Ministry of Statistics and Programme Implementation (MOSPI) monitors ongoing Central Sector Infrastructure Projects costing Rs 150 crore and above on time and cost overruns, on the basis of information provided by the project implementing agencies.

“As on August 1, 2018, a total of 1,361 projects were on the monitor of this ministry. Of these, 358 projects worth Rs 3.53 lakh crore are showing cost overruns,” Minister of State for Statistics and Programme Implementation Vijay Goel said in a written reply to the Lok Sabha.

The minister said that the details of projects showing cost overruns are available in the flash report of July, 2018 at official website. Read More

Leave a Reply

Your email address will not be published.