The Comptroller and Auditor General of India (CAG) has pointed out cost over-run of more than Rs.1.07 lakh crore in 442 ongoing projects of Indian Railways. This includes projects for construction of new lines, doubling of existing lines and gauge conversion audited for the period between 2009 and 2014. ¨Audit observed overall cost overrun of Rs.1.07 lakh crore and throw-forward of Rs.1.86 lakh crore in 442 ongoing projects. Seventy-five projects were ongoing for more than 15 years and of them, three were 30 years old,¨ the auditor said in a report tabled in Parliament.
FlashNews:
Electricity futures key to managing power price volatility”: NSE’s Sriram Krishnan
InfraPandit Awards to Honour Doctoral Excellence in Infrastructure
REC Wins Leading CSR and Sustainability Award for Healthcare Support
HAL Set to Enter New Global Space Race with SSLV Contract Win
Multimodal Logistics: Optimising Assets, Strengthening Supply Chains
Gadkari Announces FASTag Annual Pass to Ease Private Vehicle Movement from Independence Day
Air India 171 Crash: A Definitive Inflection Point for Indian Aviation
REC Reports Strong Profit Growth
GAIL Reports Record Profit Surge
India Calls for Inclusive Energy Governance at BRICS Meet
Mumbai-Ahmedabad Bullet Train’s 300 km Viaduct Milestone
India Revokes Security Clearance to Turkish Firm Çelebi
Major Ports Handle Record Cargo Throughput in FY2025
India Committed to Unlocking Energy Potential: Puri
Gaganyaan Scheduled for 2027 Launch
Defence Budget Set for Rs.500 Billion Top-up
Operation Sindoor: The Indigenous Edge
Securing India’s New Crown Jewels
Logistics parks, multimodal cargo hubs poised for rapid growth
Home » Cost over-run of 1.07 lakh cr in railway projects: CAG
Cost over-run of 1.07 lakh cr in railway projects: CAG
Railways & Metro Rail
January 1, 2016January 1, 2016

Leave a Reply
You must be logged in to post a comment.