Rs 4.29 L cr cost overrun reported in 432 infra projects

As many as 432 infrastructure projects, each worth at least Rs 150 crore, have reported total cost overruns of over Rs 4.29 lakh crore, according to data from the Ministry of Statistics and Programme Implementation.

According to the data, as of August 1, 2020, out of the 1,670 central sector infrastructure projects costing Rs 150 crore and above, 8 projects are ahead of schedule, 212 are on schedule, 505 are delayed, 432 have reported cost overrun and 202 projects reported both time and cost overrun with respect to their original project implementation schedules.

“Total original cost of implementation of the 1,670 projects was Rs 20,58,193.26 crore and their anticipated completion cost is likely to be Rs 24,87,361.54 crore, which reflects overall cost overruns of Rs 4,29,168.28 crore (20.85 per cent of original cost),” the report said.