343 infra projects show cost overruns of `4.5 lakh cr
Total original cost of implementation of the 1438 projects was Rs 20,35,794.75 cr and their anticipated completion cost is likely to be Rs 24,86,069.52 cr
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New Delhi: As many as 343 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.5 lakh crore, as per an official report.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs 150 crore and above, out of 1,438 projects, 343 reported cost overruns and as many as 835 projects were delayed.
"Total original cost of implementation of the 1438 projects was Rs 20,35,794.75 crore and their anticipated completion cost is likely to be Rs 24,86,069.52 crore, which reflects overall cost overruns of Rs 4,50,274.77 crore (22.12 per cent of original cost)," the ministry's latest report for December 2022 said. According to the report, expenditure incurred on these projects till December 2022 was Rs 13,45,794.16 crore, or 54.13 per cent of the anticipated cost of the projects. However, the number of delayed projects decreases to 673 if delay is calculated on the basis of the latest schedule of completion.
