As many as 432 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of over Rs 4.29 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 the 1,670 such projects, 432 reported cost overruns and 505 time escalation.
“Total original cost of implementation of the 1,670 projects was Rs 20,58,193.26 crore and their anticipated completion cost is likely to be Rs 24,87,361.54 crore, which reflects overall cost overruns of Rs 4,29,168.28 crore (20.85 per cent of original cost),” the ministry’s latest report for July 2020 said.
