As many as 445 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects of Rs 150 crore and above. Of 1,673 such projects, 445 projects reported cost overruns and 557 projects were delayed.
“Total original cost of implementation of the 1,673 projects was Rs 22,23,791.78 crore and their anticipated completion cost is likely to be Rs 26,64,649.18 crore, which reflects overall cost overruns of Rs 4,40,857.40 crore (19.82% of original cost),” the ministry’s latest report for December 2021 said.
