As many as 384 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.66 lakh crore, as per a report.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,514 projects, 384 reported cost overruns and as many as 713 projects were delayed.
“Total original cost of implementation of the 1,514 projects was Rs 21,21,471.79 crore and their anticipated completion cost is likely to be Rs 25,87,946.13 crore, which reflects overall cost overruns of Rs 4,66,474.34 crore (21.99 per cent of original cost),” the ministry’s latest report for June 2022 said.
