Kaleshwaram project economically unviable, says CAG report ...Middle East

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Kaleshwaram project economically unviable, says CAG report
Hyderabad: Terming Kaleshwaram project built by Telangana across Godavari River as economically unviable, the Comptroller and Auditor General of India every rupee spent on the project would yield only 52 paise. The cost of the project is now likely to exceed Rs 1,47,427.41 crore, as against the cost of Rs 81,911.01 crore projected to the Central Water Commission (CWC). According to performance audit report, the Benefit-Cost Ratio (BCR) of the project was inflated. Even with the understated project cost of Rs 81,911.01 crore, BCR works out to 0.75. Considering the latest likely project cost (Rs 1,47,427.41 crore), the BCR works out to 0.52. “This means that every rupee spent on the project w

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