Over 350 infra projects show cost overrun of Rs 2.19 lakh crore

Over 350 infra projects show cost overrun of Rs 2.19 lakh crore
02/05/2018 , by , in News/Views

As many as 356 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.19 lakh crore owing to delays and other reasons, a report said.

Ministry of Statistics and Programme Implementation monitors infrastructure projectsworth Rs 150 crore and above.

“Total original cost of implementation of 1,304 projects was Rs 16.21 lakh crore and their anticipated completion cost is Rs 18.41 lakh crore, which reflects overall cost overrun of Rs 2.19 lakh crore (13.56 per cent of original cost),” the ministry’s latest report for January 2018 said.

Of these 1,304 projects, 356 reported cost overrun and 258 times escalation.

According to the report, the expenditure incurred on these projects till January 2018 is Rs 6.61 lakh crore, which is 35.92 per cent of the anticipated cost of the projects.

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