Home page

Delay in projects completion cost Railways over Rs 1 lakh crore: CAG

DELHI

Delay in the execution of more than 400 projects by the Railways resulted in cost overrun of Rs 1.07 lakh crore, the Comptroller and Auditor General of India has said.

The CAG in its latest report which was tabled in Parliament on December 18┬ásaid “Target dates for completion of projects were either not fixed or not available on records of the Railway Administration. The physical progress was also slow where target for completion of project was fixed.”

It further said “Projects were delayed due to delay in preparation/sanction of estimate and delay in acquisition of land. Delay in completion of projects resulted in cost overrun of Rs 1.07 lakh crore and huge throw-forward of Rs 1.86 lakh crore in respect of 442 ongoing projects.”

LEAVE A REPLY

Please enter your comment!
Please enter your name here