The new Punjab government has decided to review the ongoing projects during the past eight years, many such projects are likely to face an action in the future. Chief Minister Captain Amarinder Singh led Congress government has maintained that the eleven projects scheduled for completion between 2008-09 and 2015-16 are yet to see the light of the day will be reviewed.

According to records, the government has incurred an expenditure of Rs.446.75 Crore on these incomplete projects which is yet to yield the intended benefits. Similarly, nine major projects further causing a loss of Rs.394.76 Crore to the government during 2015-16. Among such projects, five star hotel-cum-convention centre in Ludhiana, Bathinda and Amritsar, three star hotel in the new city centre at Amritsar are major projects which were initiated by Punjab Infrastructure Development Board (PIDB).

It may also include the Rs.700 Crore budgeted Baba Banda Singh Bahadur Inter State Bus Terminus (ISBT) at Mohali, which was inaugurated in December, 2016. The first terminal of the ISBT was inaugurated, but other two terminals are yet to be completed and likely face a review by the government. Cabinet minister Navjot Singh Sidhu has also declared about the review of Rs.600 Crore Bus Rapid Transit System (BRTS) project in Amritsar.

Another project includes the development of Mother and Child Hospital at Fatehgarh Sahib and setting up of diagnostic centres in Punjab. "The list is long of the incomplete projects. Those are on the verge of completion will be considered. Those which are still on papers may face action," senior officer of the government said.

Sources further said that the government is making efforts to deal with debts by cutting down the expenses of the state exchequer. They also said that the liabilities towards enhanced land compensation, arbitration and awards will also be reviewed.

As per the recently tabled report of Comptroller and Auditor General of India (CAG) on Punjab's finances, it was stated that the return on investment from Co-operative Banks and Societies and Statutory Corporations, joint stock companies and government companies was only between 0.01 and 0.05 per cent during 2011-16 while the average rate of interest paid by the government of Punjab on its borrowings ranged between 7.79 and 8.35 per cent during the same period.

The CAG report further stated that the total debt, including other liabilities, increased from Rs.64,161 Crore in 2010-11 to Rs.1,03,195 Crore in 2015-16.