Can We Cure Project Paralysis?

Real Estate

CW identifies challenges impeding project execution leading to time and cost overruns, and probes into possible solutions. 

Of 1,698 central-sector infrastructure projects worth Rs.1.50 billion and above, 578 projects have reported time escalations (or, in other words, delays), 400 projects reported cost overruns and 202 projects reported both time and cost overruns with respect to their original project implementation schedules, while 374 are on schedule, as in November 2019, according to the Ministry of Statistics and Programme Implementation (MoSPI). About 93 projects have reported additional delays vis-à-vis their date of completion reported in the previous month (October 2019). Of these 93 projects, 26 are mega projects worth `10 billion