As many as 388 infrastructure projects, each worth ₹150 crore or more, have been hit by cost overruns of more than ₹4-lakh crore owing to delays and other reasons, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth ₹150 crore and above.
Of such 1,636 projects, 388 projects reported cost overruns and 563 projects time escalation.
“Total original cost of implementation of the 1,636 projects was ₹19,52,524.85 crore and their anticipated completion cost is likely to be ₹23,53,108.80 crore, which reflects overall cost overruns of ₹4,00,583.95 crore (20.52 per cent of original cost),” the Ministry’s latest report for October 2019 said.
