According to a research, cost overruns totaling more than Rs 4.4 lakh crore have struck 445 infrastructure projects, each requiring an expenditure of Rs 150 crore or more.
Infrastructure projects worth more than Rs 150 crore are monitored by the Ministry of Statistics and Programme Implementation. Of 1,673 such projects, 445 projects reported cost overruns and 557 projects were delayed.
“Total original cost of implementation of the 1,673 projects was Rs 22,23,791.78 crore and their anticipated completion cost is likely to be Rs 26,64,649.18 crore, which reflects overall cost overruns of Rs 4,40,857.40 crore (19.82% of original cost),” the ministry’s latest report for December 2021 said.
