140% cost overrun in 213 railway projects
More than three-fifths of a total of 349 delayed Central projects belong to the railway sector, causing a cost overrun of Rs 1.73 lakh crore, according to a report by the Ministry of Statistics and Programme Implementation. The ministry monitors Central sector projects involving expenditure of Rs 150 crore and above each on a regular basis. According to the report, the original cost of these 213 railway projects was Rs 1,23,103.45 crore. The total anticipated cost of the projects has ballooned to Rs 2,96,496.70 crore now due to delays with cost escalation of 140.85 per cent.