 "Railways to set up project management group to overcome delays in execution")
The Railways will set up a project management group at the level of the railway board to overcome delays in execution of projects.
Presenting the Railway Budget for 2014-15 in Parliament today, Railways Minister D. V. Sadananda Gowda said similarly to expedite the projects at the ground level, a project monitoring and coordination group consisting of officials of state government, railways and professionals will also be set up.
Railways have been suffering heavily because of time and cost overrun due to poor project management.
Giving details of the poor state of project completion, the Minister said that in the last 30 years as many as 676 projects were sanctioned worth Rs.1,57,883 crore. Of these, only 317 projects could be completed and 359 projects remain to be completed.