449 infrastructure projects show cost overruns worth Rs 4.29 lakh crore

As many as 449 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.29 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.

Of the 1,736 such projects, 449 reported cost overruns and 547 were delayed.

“Total original cost of implementation of the 1,736 projects was Rs 22,32,019.72 crore and their anticipated completion cost is likely to be Rs 26,61,205.74 crore,” the ministry’s latest report for February 2021 said.

According to the report, the cost overrun for completing these 449 projects works out to be Rs 4,29,186.02 crore.

The expenditure incurred on these projects till February 2021 is Rs 12,78,270.71 crore, which is 48.03 per cent of the anticipated cost of the projects.