Data | Nearly one-third of the central sector infrastructure projects were running behind schedule at the end of the first quarter of FY22
The Hindu
The overall original cost estimation of all projects had been overrun by 19%
As many as 480 out of 1,779 , each worth ₹150 crore or more, had exceeded their original cost of implementation at the end of the April-June quarter of FY22, according MOSPI's latest quarterly report. A total of 559 such projects were running behind schedule. While the share of projects with time overruns is declining, the share of projects with cost overruns remains relatively high. Projects approved in the Water Resources, Telecommunications, and Railways sector have overshot their original costs by the maximum share, while all the projects in five sectors, including Telecommunications, Defence, and Atomic Energy, are running behind schedule. The chart shows the cost overruns as a % of the original estimates of 1,779 central sector projects which cost more than ₹150 crore at the end of the first quarter (April-June) of FY22. It also depicts the % of such projects that were running behind schedule at the end of the quarter. Nearly one-third of infrastructure projects were delayed and the overall original cost estimation of those projects had been overrun by 19%.More Related News