439 infrastructure projects show cost overrun of Rs 4.38 trillion

As many as 439 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.38 lakh crore, according to a report.

The Ministry of Statistics and Programme Implementation monitors infrastructure projects of Rs 150 crore and above. Of 1,679 such projects, 439 projects reported cost overruns and 541 projects were delayed.

“Total original cost of implementation of the 1,679 projects was Rs 22,29,544.27 crore and their anticipated completion cost is likely to be Rs 26,67,593.85 crore, which reflects overall cost overruns of 4,38,049.58 crore (19.65% of original cost),” the ministry’s latest report for November 2021 said.