483 infra projects show cost overruns of Rs 4.43 lakh cr

As many as 483 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.43 lakh crore, according to a report.

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.

Of the 1,781 such projects, 483 reported cost overruns and 504 were delayed.

“Total original cost of implementation of the 1781 projects was Rs 22,82,160.40 crore and their anticipated completion cost is likely to be Rs 27,25,408.00 crore, which reflects overall cost overruns of Rs 4,43,247.60 crore (19.42% of original cost),” the ministry’s latest report for July 2021 said.

According to the report, the expenditure incurred on these projects till July 2021 was Rs 13,22,515.87 crore, or 48.53 per cent of their anticipated cost.

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