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478 infrastructure projects show cost overruns worth Rs 4 4 lakh crore

478 infrastructure projects show cost overruns worth Rs 4.4 lakh crore PTI New Delhi | Updated on June 27, 2021 File photo   -  Getty Images/iStockphoto× RELATED Out of 525 delayed projects, 100 projects have an overall delay in the range of 1-12 months As many as 478 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns totalling more than Rs 4.4 lakh crore, according to a report. The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. Of the 1,768 such projects, 478 reported cost overruns and 525 were delayed. 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), the Ministry s latest report for May 2021 said.

478 infra projects hit with cost overruns worth Rs 4 4 lakh crore

478 infra projects report cost overrun of Rs 4 4 lakh cr

478 infra projects report cost overrun of Rs 4.4 lakh cr ​ By IANS | ​ 0 Views 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.

Project Support Officer (Statistics and Information Management)

Project Support Officer (Statistics and Information Management)
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