According to a research, cost overruns totaling more than Rs 4.3 lakh crore have impacted 438 infrastructure projects, each worth Rs 150 crore or more.
Infrastructure projects worth more than Rs 150 crore are monitored by the Ministry of Statistics and Programme Implementation.
438 of the 1,670 projects had cost overruns, while 563 were delayed.
The Ministry’s latest report for September said,”Total original cost of implementation of the 1,670 projects was Rs 21,66,048.11 crore and their anticipated completion cost is likely to be Rs 25,96,907.70 crore, which reflects overall cost overruns of Rs 4,30,859.59 crore (19.89 per cent of original cost).”
