As many as 400 infrastructure projects, each worth ₹150 crore or more, have been hit by total cost overruns of over ₹4 lakh crore owing to delays and other reasons, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth ₹150 crore and above.
Of such 1,698 projects, 400 projects reported cost overruns and 578 projects time escalation.
“Total original cost of implementation of the 1,698 projects was ₹20,41,114.88 crore and their anticipated completion cost is likely to be ₹24,41,837.32 crore, which reflects overall cost overruns of ₹4,00,722.44 crore (19.63 per cent of original cost),” the ministry’s latest report for November 2019 said.
