Friday, June 19, 2026
  • Home
  • About us
  • Privacy policy
  • Advertise with us
  • Contact us
Fii News Logo
No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Newsletter
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports
Fiinews
No Result
View All Result
Home Banking & Finance

Projects hit by cost overruns

Fiinews by Fiinews
February 9, 2019
in Banking & Finance, Contract, Economy, Infrastructure, Projects
Reading Time: 1 min read
A A
0
0
SHARES
10
VIEWS
LinkedinShare on Twitter

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

Tags: Ministry of Statistics and Programme Implementation
ShareTweetShare

Related Posts

Axis Bank
Projects

Project: GuarantCo guarantees 2 loan facilities

by Fiinews
June 15, 2026
0
30

India continues to be a strategic market for BECIS, says Ergin GuarantCo, a part of the Private Infrastructure Development Group...

Skylark e2e mou
Projects

Project: Skylark-e2E work on AI-managed assets

by Fiinews
June 14, 2026
0
17

Partnership to explore innovative technologies for railways Skylark Drones, India's leading worksite governance and asset intelligence company, and e2E Rail,...

GPS Renewables

Project: GPSR raises Rs.635cr for CBG development

June 12, 2026
16
Nuberg

Project: Nuberg to build chem plant in Tanzania

June 12, 2026
17
Meta

Project: Jamnagar to support RIL-Meta globally

June 11, 2026
19
Afcons

Project: Afcons builds breakwater for Vadhvan Port

June 11, 2026
16
SBI YONO

POPULAR NEWS

  • Cristina Dnv

    Projects: Indian yards set to build green ships, says DNV expert

    0 shares
    Share 0 Tweet 0
  • Market: Indian-origin UGF scales heritage consumer brands globally

    0 shares
    Share 0 Tweet 0
  • Investment: India welcomes US investment and technology collaboration

    0 shares
    Share 0 Tweet 0
  • Market: PM Modi-President Zelenskyy discussed trade and technology

    0 shares
    Share 0 Tweet 0
  • Manufacturing: Approved ‘BioE3’of Biotechnology Dept

    0 shares
    Share 0 Tweet 0

Fiinews.com features through news articles on business opportunities in the Indian market for the benefits of foreigners. It is also a platform for international businesses to showcase through elaborate articles on their products & services to the Indian consumers and corporations exploiting industrialisation of the country.

7Clicks Media is a Singapore based Media & PR company offering over 100,000
impressions via our targeted communication strategy.

It is led by editor-in-chief Gurdip Singh who has worked over 45 years reporting on
Asian businesses.

Recent News

  • Export: Indian products are globally competitive
  • Export: CETA to work for India-UK diplomacy
  • Tender: Railways to work on four projects
  • Manufacture: Vilayat to serve India with CPVC
  • Tech: India to be industrial innovation hub

Pages

  • About US
  • ADVERTISE ON FIINEWS.COM
  • CONTACT US
  • EVENTS
  • FII-NEWS.COM PDF ARCHIVE
  • Home
  • News
  • PRIVACY POLICY

Subscribe to Newsletter

  • About
  • Advertise
  • Careers
  • Contact us

© 2024 FIINEWS - Design and developed by 7clicksmedia.

No Result
View All Result
  • Tenders
  • Projects
  • Markets
  • Manufacturing
  • Investment
  • Technology
  • Exports

© 2024 FIINEWS - Design and developed by 7clicksmedia.