"The delay in projects is one of the main reasons for
increase in cost," Minister of Statistics and Programme
Implementation Sriprakash Jaiswal said in a written reply to a
query on delay in central projects.
As on March 2009, of 925 projects costing Rs 20 crore
and above on the monitor of the Ministry, 423 projects of
different infrastructure sectors are running behind their
latest approved schedule.
"Cost overrun in 423 delayed projects is Rs 38,663.67
crore, which is 15.35 per cent of the latest approved cost of
Rs 2,51,912.73 crore," Jaiswal said.
However, the cost overrun is Rs 44,506 crore, over 18 per
cent of the original cost of Rs 2,46,070 crore sanctioned for
the 423 central projects.
Project delays resulting in cost overruns (over the
original cost) of more than Rs 5,000 crore are in the states
of Jammu and Kashmir, Assam, Maharashtra and Andhra Pradesh,
New Delhi: The government will have to
spend about Rs 39,000 crore more due to delay in commissioning
of almost half of central projects costing above Rs 20 crore,
the Rajya Sabha was informed on Monday.
First Published: Monday, July 20, 2009, 21:03