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478 infrastructure projects show cost overruns worth Rs 4.4 lakh crore

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.

June 27, 2021 / 10:48 AM IST
As many as 478 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.

As many as 478 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.

As many as 478 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report.

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.

Of the 1,768 such projects, 478 reported cost overruns and 525 were delayed.

"Total original cost of implementation of the 1,768 projects was Rs 22,86,955.18 crore and their anticipated completion cost is likely to be Rs 27,27,220.47 crore, which reflects overall cost overruns of Rs 4,40,265.29 crore (19.25 percent of original cost)," the ministry's latest report for May 2021 said.