A Government study has found that more than half the big centrally funded projects i.e. undertakings estimated to cost more than Rs 20 crore are running behind schedule.The delay ranges between 1 month and 324 months says the status report on implementation of central government projects brought out by the ministry of statistics and programme implementation ( MOSPI).
Of the 937 big projects, 486 are showing time overrun. And while 258 projects are on schedule, only 17 are ahead of schedule.
The study showed that more than 300 of the 937 projects, including those of railways, highways, power, mining and urban development ministries, have accounted for a cost overrun of Rs 77,518 crore i.e. is 54 per cent of their sanctioned cost.
Ministries wise, the railways' cost overrun on projects is pegged at 82 per cent above original. The road transport and highways ministries, meanwhile, are the worst hit by time overruns. As many as 162 out of 184 projects under these ministries are running behind schedule. However, this delay, the study found, has led to a cost escalation of only 0.3 per cent.
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