As many as 373 infrastructure projects, each worth Rs 150 crore or more, are hit by cost overruns of more than Rs 3.89 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 such 1,634 projects, 373 projects reported cost overruns and 552 projects time escalation.
“Total original cost of implementation of the 1,634 projects was Rs 19,40,699.03 crore and their anticipated completion cost is likely to be Rs 23,29,746.02 crore, which reflects overall cost overruns of Rs 3,89,046.99 crore (20.05 per cent of original cost),” the ministry’s latest report for August 2019 said.
