As many as 373 infrastructure projects, each worth ₹150 crore or more, are hit by cost overruns of over ₹3.89 lakh crore owing to delays and other reasons, according to a report by the Ministry of Statistics and Programme Implementation.
The Ministry monitors infrastructure projects worth ₹150 crore and above.
Of such 1,634 projects, 373 projects reported cost overruns and 552 projects time escalation. “The total original cost of implementation of the 1,634 projects was ₹19,40,699.03 crore and their anticipated completion cost is likely to be ₹23,29,746.02 crore, which reflects overall cost overruns of ₹3,89,046.99 crore (20.05 per cent of original cost),” said the ministry’s latest report for August 2019.
