400 infra projects’ show over Rs 4 lakh crore cost overrun

New Delhi: As many as 400 infrastructure projects, each worth Rs 150 crore or more, have been hit by total cost overruns of over Rs 4 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 1,698 projects, 400 projects reported cost overruns and 578 projects time escalation.

“Total original cost of implementation of the 1,698 projects was Rs 20,41,114.88 crore and their anticipated completion cost is likely to be Rs 24,41,837.32 crore, which reflects overall cost overruns of Rs 4,00,722.44 crore (19.63 per cent of original cost),” the ministry’s latest report for November 2019 said.

The expenditure incurred on these projects till November 2019 is Rs 10,50,331.59 crore, which is 43.01 per cent of the anticipated cost of the projects.