443 Infrastructure Projects Show Cost Overruns Of Rs 4.45 Lakh Crore: Report
NDTV
"Total original cost of implementation of the 1671 projects was Rs 22,54,175.77 crore and their anticipated completion cost is likely to be Rs 26,99,651.62 crore, which reflects overall cost overruns of Rs 4,45,475.85 crore (19.76% of original cost)," Ministry of Statistics' latest report said.
As many as 443 infrastructure projects, each entailing investment of Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.45 lakh crore, according to a government report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects of Rs 150 crore and above.
Of 1,671 such projects, 443 projects reported cost overruns and 514 projects were delayed, reported news agency PTI.
"Total original cost of implementation of the 1671 projects was Rs 22,54,175.77 crore and their anticipated completion cost is likely to be Rs 26,99,651.62 crore, which reflects overall cost overruns of Rs 4,45,475.85 crore (19.76% of original cost)," the ministry's latest report for January 2022 said, according to Press Trust of India.
