Railway projects account for around 60 per cent of the 343 Central sector projects that are facing a cost overrun for various reasons.
According to the latest flash report of the Statistics and Programme Implementation Ministry, 204 Railway projects are facing a total cost overrun of ₹1.82 lakh crore.
The Ministry monitors Central sector projects with an expenditure of ₹150 crore and above. According to the report, up to April 2018, the total original cost of these 204 projects was ₹1,29,339.96 crore.
The total anticipated cost is estimated at ₹3,12,026.83 crore, which indicates an overall cost escalation of 141.25 per cent.
The Ministry monitored 330 projects of the Railways in April. The report said 46 of these projects reported time overrun or delay of three to 261 months.
The power sector reported the second highest incidence of overall cost overrun. Of the 114 projects monitored by the ministry in that sector, 47 reported a cost overrun of ₹70,940.81 crore. The total original cost of these 47 projects was ₹1,84,243.07 crore, which escalated to a total anticipated cost of ₹255,183.88 crore.
The report said that out of the 114 power sector projects, 61 reported time overrun (delay) of two to 135 months.