As many as 347 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.2 lakh crore owing to delays and other reasons, a Ministry of Statistics and Programme Implementation report said.
The ministry monitors infrastructure projects worth Rs 150 crore and above.
“Total original cost of implementation of the 1,443 projects was Rs 18,30,362.48 crore and their anticipated completion cost is likely to be Rs 21,51,136.69 crore, which reflects overall cost overruns of Rs 3,20,774.21 crore (17.53 per cent of original cost),” the ministry’s latest report for November 2018 said.
Of these 1,443 projects, 347 reported cost overruns and 360 time escalation.
