479 infrastructure projects show cost overruns worth Rs 4.4 trillion

As many as 479 infrastructure projects, each worth 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 worth Rs 150 crore and above.

Of the 1,770 such projects, 479 reported cost overruns and 541 were delayed.

“Total original cost of implementation of the 1,770 projects was Rs 22,78,368.23 crore and their anticipated completion cost is likely to be Rs 27,19,218.09 crore, which reflects overall cost overruns of Rs 4,40,849.86 crore (19.35 per cent of original cost),” the ministry’s latest report for June 2021 said.

According to the report, the expenditure incurred on these projects till June 2021 is Rs 13,22,374.82 crore, which is 48.63 per cent of the anticipated cost of the projects.