379 infra projects show cost overruns of Rs 4.64 lakh crore in April

379 out of 800 Rs 150 crore and above project was delayed, said Ministry of Statistics and Programme Implementation. According to the ministry, the 379 infrastructure project each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.64 lakh crore in April 2023.

“Total original cost of implementation of the 1,605 projects was Rs 22,85,674.25 crore and their anticipated completion cost is likely to be Rs 27,50,591.38 crore, which reflects overall cost overruns of Rs 4,64,917.13 crore (20.34 per cent of original cost),” the ministry’s latest report for April 2023 said.

It also stated that the number of delayed projects decreases to 598 if delay is calculated on the basis of the latest schedule of completion.