355 infra projects showing cost overrun of Rs 3.88 trillion: Govt tells LS
As many as 355 infrastructure projects are showing cost overrun, with the overall cost overrun being Rs 3.88 trillion, Union Minister Rao Inderjit Singh said in Lok Sabha on Wednesday.
Singh said the Ministry of Statistics and Programme Implementation monitors ongoing central sector infrastructure projects costing Rs 150 crore and above on time and cost overruns, on the basis of information provided by project implementing agencies on the online computerised monitoring system (OCMS).
“As per the flash report of July, 2019, a total of 355 projects are showing cost overrun and the overall cost overruns is Rs 3.88 trillion (20.07 per cent),” he said during Question Hour.
