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. ÃÂĻAudit 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,ÃÂĻ the auditor said in a report tabled in Parliament.
FlashNews:
Why Indiaâs Logistics Costs Will Not Fall Through Infrastructure Alone
PM Modi to Dedicate HPCL Rajasthan Refinery, Indiaâs First Greenfield Integrated Complex
Mumbai Port Unveils âđ50.29 Billion Projects on 154th Foundation Day
RVNL Completes Sitafalmandi-Lallaguda Chord Line, Boosting Hyderabad Rail Connectivity
Tata Power Commissions 100.8 MW Jewali Wind Project in Maharashtra
Skyroot Sets Launch Window for Indiaâs First Private Orbital Rocket
Indiaâs ACME Group Seals Landmark Green Ammonia, Methanol Deals with Japan
Indian Railways Posts 4% Freight Growth in June 2026
India, Japan Join Hands to Build Energy Resilience
Adar Poonawalla Family Office Invests âđ700 Crore in Inox Clean Energy
India-EU Set to Deepen Cooperation on Sustainable Ship Recycling
Saleem Ahmad Takes Additional Charge as CMD of IRCON, Strengthening Synergy with RVNL
Indiaâs WABAG Secures Vienna Order for Donauinsel Water Works Expansion
Tech Cuts Mishandled Bag Rates by 23%, But $6.3 Billion Cost Persists: SITA
SK Sinha Appointed Director Finance at GAIL, Bringing Three Decades of Expertise
NHAI to Empanel IITs for Independent Proof Checking of Bridge Designs
Suzlonâs NextâGen S175 Turbine Secures 105âŊMW Sunsure Order in Commercial Debut
PFC-REC Merger Scheme Approved by Boards, Creating âđ11âŊTrillion Power Financing Giant
HyperNext to Deploy Kirloskarâs Optiprime Systems for Indiaâs First 800VDC Data Centres
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.