As many as 428 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.98 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 1,559 projects, 428 projects reported cost overruns and as many as 647 projects were delayed.
“Total original cost of implementation of the 1559 projects was Rs 21,73,907.11 crore and their anticipated completion cost is likely to be Rs 26,72,201.26 crore, which reflects overall cost overruns of Rs 4,98,294.15 crore (22.92% of original cost),” the ministry’s latest report for April 2022 said.
