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Projects hit by cost overruns

Delays due to land acquisition

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Delays due to land acquisition

 

As on 01.12.2018, 347 projects are showing cost overruns out of 1,443 projects, said Vijay Goel, Minister of State in the Ministry of Statistics and Programme Implementation.

The Ministry monitors on-going Central Sector Infrastructure Projects costing Rs.150 crore and above on time and cost overruns,

The causes for cost overruns are project-specific, depend on a variety of technical, financial and administrative factors, and differ from project to project, Goel responded to a written question in Rajya Sabha on 8 Feb 2019 on Status of ongoing Infrastructure Projects.

However, as reported by the project implementing agencies, the main reasons for cost overrun of the Projects are:
law and order problems, delay in land acquisition;
delay in environment and forest clearances, funding constraints;
rehabilitation and resettlement issues;
local body/municipal permissions, utility shifting, contractual issues, etc.

The details of such projects are available in the flash report at http://www.cspm.gov.in/english/publication.html.

-/fiinews.com

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