PMO to review 700 delayed projects
The original cost of these projects was around Rs 10 lakh crore
New Delhi: Around 700 projects, involving more than Rs 11 lakh crore and related to various sectors, like energy, power, coal, roads and highways, aviation and other infrastructure segments, are significantly delayed and many of them don’t even have a date for completion.
This has raised concerns within the Prime Minister’s Office (PMO) and, according to sources privy to developments, ministers heading these ministries as well as the top bureaucrats concerned are likely to be pulled up for the delays at a high-level meeting scheduled tentatively for November 4.
According to details available with this newspaper, a total of about 700 projects are to be reviewed at the meeting. The original cost of these projects was around Rs 10 lakh crore. However owing to delays and cost overruns, they now are valued at more than Rs 11 lakh crore.