Delays blights Indian infrastructure projects - report
Infrastructure projects in India are being delayed because of cost and time overruns. A study by the KPMG and the Project Management Institute, reported by Anil Mathur, has revealed that between 1992 and 2009, as many as 850 out of 1,035 infrastructure projects were hit by such problems, costing millions of rupees and often delaying projects by years. The main reasons cited for this were inadequate design and planning coupled with material cost escalations. Releasing the report in Delhi, Geno Armstrong, KPMG’s Global Head of Major Project Advisory Services, said that these problems “sound a cautionary signal to the industry and stakeholders”.