Govt unveils comprehensive framework for project management

New Delhi: The government unveiled a comprehensive framework for project management on Wednesday, aimed at attracting professional managers to help complete infrastructure projects in India without cost and time overruns.

This comes months after it rolled out National Infrastructure Pipeline, under which over Rs 102 lakh crore of social and economic infrastructure projects will be implemented over 2020-25.

A recent report by the ministry of statistics and programme implementation showed 441 infrastructure projects, each worth Rs 150 crore and above, have run into cost overruns of over Rs 4.35 lakh crore.