75% of under-construction infra projects delayed, no clear timeline: CARE

Railways worst hit, with 203, or 60% of projects facing cost overruns; 33 projects facing time overruns

Not all is well for central infrastructure projects, as 75 per cent of those under implementation are either delayed or do not have a definitive timeline, according to CARE Ratings research. In addition, the cost overrun on some is expected to cost the country another Rs 2.18 trillion.

The total original combined cost of the 1,304 projects under implementation stands at Rs 16.2 trillion. While not all of the delayed projects are facing legacy issues, a break-up of these projects was not shared. However, the report stated that the number of projects under implementation has grown from 727 in April