As many as 345 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.28 lakh crore owing to delays and other reasons, a report said.
“Total original cost of implementation of the 1453 projects was Rs 18,32,579.17 crore and their anticipated completion cost is likely to be Rs 21,61,313.18 crore, which reflects overall cost overruns of Rs 3,28,734.01 crore (17.94% of original cost), “ the Ministry of Statistics and Programme Implementation’s latest report for April 2019 said.
The ministry monitors infrastructure projects worth Rs 150 crore and above. Of these 1,453 projects, 345 reported cost overruns and 388 time escalation.
