438 infra projects show cost overrun of ₹4.34 lakh crore
The Hindu
Reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages
As many as 438 infrastructure projects, each worth ₹150 crore or more, have been hit by cost overruns totalling more than ₹4.34 lakh crore, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth ₹150 crore and above. Of the 1,680 such projects, 438 reported cost overruns and 539 were delayed.
"Total original cost of implementation of the 1,680 projects was ₹21,74,182.86 crore and their anticipated completion cost is likely to be ₹26,08,330.02 crore, which reflects overall cost overruns of ₹4,34,147.16 crore (19.97% of original cost)," the ministry's latest report for October 2021 said.
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