Published Paper Details:

Infrastructure development is the backbone of a country's economic growth. But infrastructure projects nowadays mostly suffer from overruns in respect of time and cost. They have become a global obstacle hampering the pace of infrastructure development. Presently, infrastructure projects globally are suffering from cost and time overruns irrespective of private or government-owned projects. In India, the Central Sector Projects are infrastructure projects planned, implemented and monitored by the Union Government which plays a pivotal role in India's infrastructure development. However, due to economic malaises like cost and time overruns, a massive financial burden has been put on the government even exaggerating some sectors. Mostly, these projects commence with their date of commissioning but either face delays or cost overrun or with both. This paper is an attempt to analyse the trends of cost and time overruns in the Central Sector Projects for a specified period (2015-2021). The present study has adopted a secondary method of data collection and hence referred to government reports. Some sectors witnessed a maximum number of projects with cost and time overruns. An analysis is done through Kendall's Rank Correlation Coefficient (T) between cost and time overruns of varied sectors. The paper concludes by providing some implications for future research and policy formulation for the government and project participants.