Rs 4.92 L-cr cost overrun at infra projects

New Delhi: As many as 443 infrastructure projects, each entailing an investment of Rs150 crore or above, were hit by a cost overrun of more than Rs4.92 lakh crore in February 2024, an official report stated.

According to the Ministry of Statistics and Programme Implementation (MoSPI), which monitors infrastructure projects worth Rs150 crore and above, out of 1,902 projects, 443 reported cost overruns and 764 projects were delayed. “Total original cost of implementation of the 1,902 projects was Rs 27,08,030.44 crore, and their anticipated completion cost is likely to be Rs32,00,507.55 crore, which reflects overall cost overruns of Rs4,92,477.11 crore (18.19% of original cost),” said the ministry’s latest report for February 2024.