360 infrastructure projects have cost overruns worth Rs 3.88 lakh crore, says govt

The Indian Express last month reported on the extent of cost overruns in state-run projects.

On another query about the Union government’s efforts to expedite or complete its ongoing projects, Singh said that the Centre has chalked up a five-pronged strategy for speedy completion of projects.

“The major action plan undertaken to ensure completion of Central Sector Infrastructure Projects without time and cost overruns include: rigorous project appraisal, online computerized monitoring system for better monitoring, setting up of revised cost committees in the ministries for fixation of responsibility for time and cost overruns, regular review of infrastructure projects by the concerned administrative ministries, and setting up of Central Sector Projects Coordination Committees (CSPCCs) in the states under the concerned chief secretaries for removal of bottlenecks and for facilitating the speedy implementation of major projects.”