442 infra projects report cost overrun of Rs 4.34 lakh cr

As many as 442 infrastructure projects have reported a cost overrun of more than Rs 4.34 lakh crore as of December 1, according to the data from the Ministry of Statistics and Programme Implementation.

A report by the Ministry showed that 536 Central sector projects are delayed from their original schedules.

“Total original cost of implementation of the 1,671 projects was 21,21,383.82 crore and their anticipated completion cost is likely to be 25,55,957.52 crore, which reflects overall cost overruns of 4,34,573.70 crore (20.49 per cent of original cost),” said the report.

The expenditure incurred on these projects till November 2020 is nearly Rs 11.94 lakh crore, which is 46.71 per cent of the anticipated cost of the projects.