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245 infrastructure projects report time overruns, 345 show cost overruns

19 Jul 2018 Evaluate

Minister of State for Statistics and Programme Implementation Vijay Goel has stated that out of 1,315 infrastructure projects monitored by the government, as many as 245 projects are reporting time overruns, 345 are showing cost overruns and 98 are showing both time and cost overruns. The Ministry of Statistics and Programme Implementation monitors on-going Central Sector Infrastructure Projects (CSIPs) costing Rs 150 crore and above on time and cost overruns. From 2013-14 to 2017-18, the number of ongoing CSIPs has increased from 710 to 1,315 and the time overrun has come down from 29.44 percent to 19.32%.

The minister has said that major steps are being taken to ensure completion of CSIPs without time and cost overruns. He mentioned that these include rigorous project appraisal; OCMS; setting up of Revised Cost Committees in the Ministries for fixation of responsibility for time and cost overruns; regular review of infrastructure projects by the concerned administrative Ministries; and setting up of Central Sector Projects Coordination Committees (CSPCCs) in the States under the concerned Chief Secretaries for speedy implementation of major projects.

Goel further said that the percentage utilisation of funds over release during last four year (till 2017-18) was about 103 percent under Member of Parliament Local Area Development Scheme (MPLADS). He noted that the government releases funds in two equal installments of Rs 2.5 crore each (per annum for every MP).

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