As many as 470 infrastructure projects, each worth Rs150 crore or more, have been hit by cost overruns totalling more than Rs4.38 lakh crore, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs150 crore and above. Of the 1,737 such projects, 470 reported cost overruns and 525 were delayed.
“Total original cost of implementation of the 1,737 projects was Rs22,33,409.53 crore and their anticipated completion cost is likely to be 26,71,440.77 crore, which reflects overall cost overruns of 4,38,031.24 crore (19.61 per cent of original cost), “ the ministry’s latest report for April 2021 said.
According to the report, the expenditure incurred on these projects till April 2021 is Rs13,16,032.62 crore, which is 49.26 per cent of the anticipated cost of the projects.
