project delay

Cost overruns declined further in May to 19.86%

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Cost overruns declined further in May to 19.86%

The cost overruns faced by large central infrastructure projects declined further in May to 19.86 per cent from 20.34 per cent in April, data released by the ministry showed. The anticipated costs of 1,681 projects were Rs 4.8 lakh crore, higher than the original cost of Rs 24.2 lakh crore. Nearly half of the infrastructure … Read more

Covid deepens Indian infra sector’s troubles, flagship projects among casualties

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By Vrishti Beniwal Infrastructure projects in India are infamous for cost overruns and delays, and they are set for even more pain as the coronavirus sweeps through Asia’s third-largest economy. Construction of everything from roads to ports were behind schedule by an average three-and-a-half years, according to an analysis by the Statistics Ministry. Costs of … Read more