Increasing the amount of slack in the infrastructure projects of the Centre

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MUMBAI: On one hand, the government is taking up big projects to build infrastructure in the country and huge capital expenditure is being budgeted for, but the amount of project delays is also increasing, resulting in an increase in the cost of delivering the projects. .

In 2018, the percentage of projects lying in slack of the central government which was 19.30 percent increased to 56.70 percent at the end of March 2023.

It is believed that the number of projects of the central government currently lying in slack is the highest in the last twenty years.

According to data from the Ministry of Statistics and Program Implementation, the Center currently has 1,449 projects in operation. An increase of 22 percent in the cost of delayed projects is being estimated. Most of the delayed projects include railway projects.

If a project gets delayed for a period of more than three years, the cost of completing it increases drastically, said government sources.

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