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The latest Flash Report of the Ministry of Statistics and Programme Implementation on 333 Central Sector Projects each costing Rs.100 crore and above for February 2005 says, that Railways and Power accounted for the maximum, in cost-escalation. It is followed by Urban Development, Petroleum and Atomic Energy etc.
In its Sector-wise analysis, the Report pointed out that the Railways had 132 Projects with original cost of Rs.36,066.48 crore, later revised to Rs.39,346.53 crore. They are now anticipated to cost Rs.52,627.07 crore. Compared with the original, the currently anticipated cost, represents an increase of over 40 per cent and compared with the revised cost estimate, an increase of over 30 per cent.
The Power Sector follows with 46 projects originally costing Rs.68,107.90 crore. This was later revised to Rs.72,742.52 crore but now anticipated to cost Rs.78,232.01crore. Urban Development with one project originally estimated to cost Rs.4,860 crore is now anticipated to cost Rs.10571 crore, more than double the original amount. Water Resources also had one project which was to cost Rs.542.90 crore, is presently anticipated to cost nearly double the amount i.e. Rs.1069.40 crore.
Tele-communications is the only sector having 22 projects, but their present anticipated cost has been scaled down to Rs.4517.07 crore from the original Rs.4864.00 crore. Civil Aviation with one project whose original and present anticipated cost remains the same as Rs.191.52 crore. In case of the other Infrastructural sectors, there has been cost overrun of varying percentage, between the original and the currently anticipated cost.
VKS/SR
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