#ProjectCost #Overrun #Corruption
Its the case every where in India.... the Cost Escalation is crazy... Lets Look at some Data... Data from the RBI and Infra & Proj Mon Division of MOSPI (Ministry) indicate cost overrun of delayed central govt projects at 31.5% as of 31Mar22
Its the case every where in India.... the Cost Escalation is crazy... Lets Look at some Data... Data from the RBI and Infra & Proj Mon Division of MOSPI (Ministry) indicate cost overrun of delayed central govt projects at 31.5% as of 31Mar22
As of 31 Mar 22, a total of 728 projects were delayed. The estimated cost of these projects was Rs. 10.21 lakh cr. At the same time, anticipated cost to complete these projects is Rs. 13.5 lakh cr
P.S. there could be a further increase in cost overrun
P.S. there could be a further increase in cost overrun
We need to ask @PiyushGoyal what's happening? @nitin_gadkari @NITIAayog . Here is Sector-wise Cost Overrun of Central Sector Projects (as of 31 March 2022). Cost overrun of Railway projects is 76% of the original cost
Sector-wise 'Average Cost Overrun 'of delayed Central Sector Projects. The value of cost overrun is also influenced by the type & size of the projects. The Atomic Energy sector has 4 delayed projects whose original cost is Rs. 16.7k cr per Proj with cost overrun of Rs. 3.9k cr
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