+
Infrastructure Projects face Rs 4.82 trillion cost overrun
ECONOMY & POLICY

Infrastructure Projects face Rs 4.82 trillion cost overrun

In December, a total of 431 infrastructure projects in India faced a cost overrun of Rs 4.82 trillion, according to reports. These projects, primarily focused on urban infrastructure development, experienced financial challenges that have raised concerns about their timely completion and overall economic impact.

The significant cost overruns indicate potential delays and increased financial burden on the government and stakeholders involved.

This development underscores the complexities and challenges faced in the execution of large-scale infrastructure initiatives.

The details of the projects and the reasons behind the cost overruns are crucial aspects that need further examination to formulate effective strategies for better project management and financial control.

The findings highlight the need for enhanced scrutiny, transparency, and accountability in the planning and execution of infrastructure projects to ensure efficient utilisation of resources and timely delivery.

In December, a total of 431 infrastructure projects in India faced a cost overrun of Rs 4.82 trillion, according to reports. These projects, primarily focused on urban infrastructure development, experienced financial challenges that have raised concerns about their timely completion and overall economic impact. The significant cost overruns indicate potential delays and increased financial burden on the government and stakeholders involved. This development underscores the complexities and challenges faced in the execution of large-scale infrastructure initiatives. The details of the projects and the reasons behind the cost overruns are crucial aspects that need further examination to formulate effective strategies for better project management and financial control. The findings highlight the need for enhanced scrutiny, transparency, and accountability in the planning and execution of infrastructure projects to ensure efficient utilisation of resources and timely delivery.

Next Story
Technology

Six ways a smarter workflow leads to faster, more accurate bids

In today’s fast-paced civil construction environment, estimators need more than just solid numbers. They need smart, streamlined processes. This article explores six key ways connected workflows can transform the estimated approach, help in minimising risk, move faster, and improve accuracy. By integrating tools, data, and teams, one can produce stronger bids with less rework, fewer surprises, and more confidence. As an estimator, the job goes beyond producing numbers. They are responsible for delivering bids that are fast, accurate, and built to win. In today’s civil construction ind..

Next Story
Real Estate

Experion Launches Women-Only Co-Living Project in Greater Noida

Experion, part of Singapore-based AT Capital Group, has launched its first co-living space under its managed rental housing brand, VLIV, in Greater Noida. The all-women residence features 730 twin-sharing beds with a strong focus on safety, comfort, and well-being. VLIV has committed a $300 million investment to create a structured, service-led rental housing ecosystem in India. The brand aims to scale up to 20,000 beds in the next few years, with a long-term target of 100,000 beds nationwide. “India’s rental housing is fragmented. VLIV is our way of building long-term, dependabl..

Next Story
Infrastructure Urban

Officine Maccaferri Acquires CPT to Bolster Tunnelling Tech

Ambienta’s platform company, Officine Maccaferri S.p.A., has acquired CPT Group, a leading Italian developer of robotic prefabrication systems and digital control technologies for mechanised tunnelling. The move positions Maccaferri as a global player in integrated tunnelling solutions, blending traditional and advanced mechanised systems. Based in Nova Milanese, CPT serves major global contractors across Europe, Southeast Asia, and Australia. The company offers robotic prefabrication (Robofactory), productivity-monitoring software for Tunnel Boring Machines (TBMs), and eco-designed spa..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?