Rs 1.82 lakh crore: Over 200 Indian Railways projects report cost overruns
The ministry monitors central sector projects with an expenditure of Rs 150 crore and above.
Indian Railways projects account for around 60% of the 343 central sector projects that are facing cost overrun of Rs 1.82 lakh crore for various reasons.
As per the latest flash report of the statistics and programme implementation ministry, 204 projects of railways are facing total cost overrun of Rs 1.82 lakh crore.
The ministry monitors central sector projects with an expenditure of Rs 150 crore and above.
According to the report, up to April this year the total original cost of these 204 projects was Rs 1,29,339.96 crore. The total anticipated cost of these projects is estimated at Rs 3,12,026.83 crore which indicates overall cost escalation by 141.25%.
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The ministry monitored 330 projects of Indian Railways in April. The report stated that 46 of these projects reported time overrun or delay of 3 months to 261 months.
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