Around 393 Infra projects show cost overruns of Rs 4.64 lakh cr in June, says report

According to a recent report by the Ministry of Statistics and Programme Implementation in June 2023, a total of 393 infrastructure projects, each requiring an investment of Rs 150 crore or more, have experienced cost overruns amounting to a staggering Rs 4.64 lakh crore. These cost overruns represent 19.48 percent of the original projected cost of Rs 23.86 lakh crore for 1,643 projects being monitored by the ministry.

Furthermore, the completion cost of these infrastructure projects is estimated to be Rs 28.51 lakh crore. As of June 2023, the cumulative expenditure incurred on these projects stands at Rs 14.99 lakh crore, which is 52.59 percent of the anticipated total cost.