437 infra projects report cost overrun of Rs 4.37 lakh crore

As many as 437 infrastructure projects have reported cost overrun of over Rs 4.37 lakh crore as of September-end, according to data from the Ministry of Statistics and Programme Implementation.

A report by the ministry also showed that 531 Central sector projects are delayed from their original schedules.

“Out of the 1,663 projects, nine projects are ahead of schedule, 199 are on schedule, 531 are delayed, 437 projects reported cost overrun and 210 projects reported both time and cost overrun with respect to their original project implementation schedules,” it said.