Centre’s Projects Exceed Original Cost: Experts


Centre’s Projects Exceed Original Cost: Experts

There are 1,332 Union government projects which cost above Rs 150 crore and the cost over-run is Rs 2.23 lakh crore which is 14 per cent more than the original cost, according to an expert from American Association of Cost Engineering.

Quoting statistics from data published by Ministry of Statistics and Program, S Sankar, Chair-India Task Force for American Association of Cost Engineering (AACE), and COO of Karle Infra Private Limited said 253 projects are delayed and data does not include projects less than Rs 150 crore, state government projects, corporations, municipalities and private sector. Read More

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