As many as 358 infrastructure projects, each worth Rs 150 crore or above, have shown cost overruns to the tune of over Rs 3.37 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.
“Total original cost of implementation of the 1,361 projects was Rs 16,78,634.82 crore and their anticipated completion cost is likely to be Rs 20,16,360.99 crore, which reflects overall cost overruns of Rs 3,37,726.17 crore (20.12 per cent of original cost),” the ministry’s latest report for July 2018 said.
Of these 1,361 projects, 358 reported cost overruns and 296 time escalation. Read More