Unending wait for infra projects continues: Every 3 out of 10 projects delayed, some up to 21 years

Unending wait for infra projects continues: Every 3 out of 10 projects delayed, some up to 21 years

Nearly three out of 10 central infrastructure projects worth more than Rs 150 crore were running behind schedule, underlining the need for speedier procedural approvals, easier funds and quicker bureaucratic decision-making.

Official data collated by Moneycontrol show that as on February 1, 2017, as many as 329 projects worth Rs 6.68 lakh crore (nearly three times India’s defence budget) of 1,201 government-monitored projects were facing delays ranging from a few months to as long as 21 years hit by fund shortages, environmental concerns, hurdles in government clearances and land acquisition problems among others.

For instance, the gauge conversion project on the Gondia-Jabalpur stretch in Madhya Pradesh, undertaken by South East Central Railway, is facing a delay of 21 years  Read More..

 

Credit By: Moneycontrol

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