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483 infra projects hit by cost overruns worth Rs 4.43 lakh cr

The expenses incurred on the said projects till July 2021 stood at Rs 13,22,515.87 crore, or 48.5% of their anticipated costs, according to a report by the Ministry of Statistics and Programme Implementation ....

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478 infrastructure projects show cost overruns worth Rs 4.4 trillion


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.
According to the report, the expenditure incurred on these projects till May 2021 is Rs 13,30,533.53 crore, which is 48.79 per cent of the anticipated cost of the projects.
However, the report said that the number of delayed projects decreases to 387 if delay is calculated on the basis of the latest schedule of completion. ....

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'Hall of Shame': Congress Leader Rahul Gandhi Slams PM Modi as Economic Growth Hits Decades Low


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