Rs 4.58-trn cost overrun hits 380 infra projects
As many as 380 infrastructure projects, each entailing an investment of Rs150 crore or more, have been hit by cost overruns of more than Rs4.58 lakh crore, as per a report.
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New Delhi: As many as 380 infrastructure projects, each entailing an investment of Rs150 crore or more, have been hit by cost overruns of more than Rs4.58 lakh crore, as per a report.
According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects of Rs150 crore and above, out of 1,521 projects, 380 reported cost overruns and as many as 642 projects were delayed.
"Total original cost of implementation of the 1,521 projects was Rs21,18,597.26 crore and their anticipated completion cost is likely to be Rs25,76,797.62 crore, which reflects overall cost overruns of Rs4,58,200.36 crore (21.63% of original cost)," the ministry's latest report for October 2022 said.
