AAI projects for 4 airports witness cost overruns

Projects run by Airports Authority of India to expand and modernise four major airports have experienced cost overruns of over Rs 126 crore, according to official figures.
The airports where the works have suffered cost overruns are at Gondia, Nagpur, Srinagar and Silchar.
In all cases, the higher costs have occurred due to change in the scope of work and provisions for various infrastructural facilities that were not included in the initial work plan, official sources said. The original cost estimated for Gondia was Rs 49.83 crore, while the revised cost rose to Rs 108 crore. Similarly, the cost projected for the works at Nagpur airport was Rs 43 crore, which has now risen to Rs 79.03 crore.
The expansion and modification of Srinagar airport terminal complex was estimated to cost Rs 77.87 crore, but the amount went up to Rs 101.33 crore. The expenditure on Silchar increased to Rs 41.49 crore from the projected figure of Rs 33 crore.
27/04/08 PTI/Economic Times

To Read the News in full at Source, Click the Headline

Categories: Airports Apr 2008, New Apr 2008