478 infra projects report cost overrun of Rs 4.4 lakh cr
By IANS |
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SC asks banks to finalise proposals to finance unfinished Amrapali projects. Image Source: IANS News
New Delhi, June 27 : As many as 478 infrastructure projects reported a cost overrun of over Rs 4.40 lakh crore as of June 1, 2021.
The Flash Report for central sector projects for May released by the Ministry of Statistics and Programme Implementation showed that 525 projects are running behind schedule.
Out of the 1,768 projects, 10 projects are ahead of schedule, 238 are on schedule, the report showed. Total original cost of implementation of the 1,768 projects was Rs 22,86,955.18 crore and their anticipated completion cost is likely to be Rs 27,27,220.47 crore, which reflects overall cost overruns of Rs 4,40,265.29 crore (19.25 per cent of original cost), it said.
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