As many as 361 infrastructure projects, each worth Rs 150 crore or more, have shown cost overruns to the tune of over Rs 3.77 lakh crore owing to delays and other reasons, a report said.

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of these 1,623 projects, 361 reported cost overruns and 496 time escalation.”Total original cost of implementation of the 1623 projects was Rs 19,25,107.47 crore and their anticipated completion cost is likely to be Rs 23,02,230.50 crore, which reflects overall cost overruns of Rs 3,77,123.03 crore (19.59% of original cost),” the ministry’s latest report for May 2019 said.

Leave a Reply

Your email address will not be published. Required fields are marked *