CAG highlights poor state of project execution in Railways

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The Indian Railways needs to revisit all projects that are over 15 years old and that do not fulfil the prescribed rate of return to assess their viability, the Comptroller and Auditor General of India (CAG) has recommended.

In a report tabled in Parliament on Friday, the CAG said the delay in completion of projects had resulted in a cost overrun of ₹1.07 lakh crore and a throw-forward of ₹1.86 lakh crore in respect of 442 ongoing projects. The Railways needs to prioritise projects on a short-term basis and ensure adequate funding so that ongoing projects are completed in a time-bound manner.

The report observed that 75 projects have been ongoing for over 15 years and of these, three were 30 years old.

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