More than three-fifths of the total 349 delayed central projects belong to the railways sector causing a cost overrun of Rs 1.73 lakh crore, according to a report by the statistics ministry. A total of 213 projects of railways are facing delays due to various reasons, leading to cost overrun of Rs 1.73 lakh crore, the report of the Statistics and Programme Implementation ministry for October 2017 mentioned. The statistics ministry monitors central sector projects envisaging an expenditure of Rs 150 crore and above each on regular basis. Of the 126 power projects monitored by the statistics ministry, 43 reported cost overrun of Rs 58,728.23 crore. The total original cost of these 43 projects was Rs 104,449.62 crore which escalated to total anticipated cost of Rs 163,178.45 crore.

Source: dna February 25, 2018 05:48 UTC