As of August 2016, IR had Rs 4,366bn (US$ 65bn) of pending projects, announced and/or awarded, but pending completion; 83% of these are construction related (new lines, doublingandgaugeconversion)whiletherestareroadsafety,signalling&telecom;,andIR's investmentsintoitsproductionworkshopsandmetroprojects. Constructionrelatedprojects:61%unbankable,48%WIPfor>5yearsduetonewlines InFY15,IRreduceditsthresholdrateofreturnto12%from14%earlier;despitethat,61%of its pending construction projects remain unbankable. Key reason for this is the slow...