New Delhi: As many as 350 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.65 lakh crore due to various reasons including delays, Parliament was informed today.
"As on October 1, 2017, a total of 1,263 projects were on the monitor of this Ministry. Of these, 297 are showing time overruns, 350 are showing cost overruns and 103 are showing both time and cost overruns. These 350 projects are showing cost overrun of Rs 2.65 lakh crore," Statistics and Programme Implementation Minister Vijay Goel said in a written reply to the Lok Sabha.
The Ministry of Statistics and Programme Implementation monitors on-going Central Sector Infrastructure Projects costing Rs 150 crore and above on time and cost overruns on the basis of information provided by the project implementation agencies.
He added that as reported by the project implementing agencies, the main reasons for the delays pertain to land acquisition, environment and forest clearances, funding constraints, rehabilitation and resettlement issues, local body/municipal permissions, utility shifting and contractual issues.
Major steps have been undertaken to ensure completion of Central Sector Infrastructure Projects without time and cost overruns.
"As on October 1, 2017, a total of 1,263 projects were on the monitor of this Ministry. Of these, 297 are showing time overruns, 350 are showing cost overruns and 103 are showing both time and cost overruns. These 350 projects are showing cost overrun of Rs 2.65 lakh crore," Statistics and Programme Implementation Minister Vijay Goel said in a written reply to the Lok Sabha.
The Ministry of Statistics and Programme Implementation monitors on-going Central Sector Infrastructure Projects costing Rs 150 crore and above on time and cost overruns on the basis of information provided by the project implementation agencies.
He added that as reported by the project implementing agencies, the main reasons for the delays pertain to land acquisition, environment and forest clearances, funding constraints, rehabilitation and resettlement issues, local body/municipal permissions, utility shifting and contractual issues.
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Major steps have been undertaken to ensure completion of Central Sector Infrastructure Projects without time and cost overruns.
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