The cost of 1,424 Central government infrastructure projects across the country has spiked by 17.4 per cent owing to delays in implementation.
The cost of the projects has surged from Rs 1,817 crore estimated initially to Rs 2,134 crore on account of time overruns. Data sourced from the Ministry of Statistics & Programme Implementation shows 37.8 per cent of the anticipated cost or Rs 8.07 billion has been already incurred.
Of the total pool of 1,424 projects, 444 are major ones with investment size exceeding Rs 1,000 crore. Their combined cost constitutes 80 per cent of the envisaged outlay.
The power, roads, railways and petroleum sectors had the maximum number of completed projects. Eighty five of the 101 projects in these sectors were commissioned by the end of December 2018.
