NEW DELHI: As many as 355 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.88 lakh crore owing to delays and other reasons, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of these 1,623 projects, 355 reported cost overruns and 552 time escalation.
“Total original cost of implementation of the 1,623 projects was Rs 19,33,390.22 crore and their anticipated completion cost is likely to be Rs 23,21,502.84 crore, which reflects overall cost overruns of Rs 3,88,112.62 crore (20.07 per cent of original cost),” the ministry’s latest report for July 2019 said.
