RS 4.77-trn cost overrun hits 417 infra projects
842 out of 1,763 projects were delayed
image for illustrative purpose
New Delhi As many as 417 infrastructure projects, each entailing an investmentof Rs150 crore or more, have been hit by cost overruns of more than Rs4.77 lakh crore in September this year, an official report said.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs150 crore and above, out of 1,763 projects, 417 reported cost overruns and as many as 842 projects were delayed.
“Total original cost of implementation of the 1,763 projects was Rs24,86,402.70 crore and their anticipated completion cost is likely to be Rs29,64,345.13 crore, which reflects overall cost overruns of Rs4,77,942.43 crore (19.22 per cent of original cost),” said the ministry’s latest report for September 2023.
According to the report, the expenditure incurred on these projects till September 2023 is Rs15,44,600.67 crore, which is 52.11 per cent of the anticipated cost of the projects. However, it stated that the number of delayed projects decreased to 617, if delay is calculated on the basis of the latest schedule of completion. Further, it stated that for 298 projects neither the year of commissioning nor the tentative gestation period has been reported.
