As many as 412 infra projects show cost overruns of ₹4.77 lakh crore in August: Report

As many as 412 infra projects show cost overruns of ₹4.77 lakh crore in August: Report

The total original cost of implementation of the 1,762 projects was ₹25,01,400.62 crore and their anticipated completion cost is likely to be ₹29,78,681.31 crore, which reflects overall cost overruns of ₹4,77,280.69 crore (19.08% of original cost), the ministry’s latest report for August 2023 said.

As many as 412 infra projects show cost overruns of Rs 4.77 lakh crore in Aug: Official report

According to a report by the Ministry of Statistics and Programme Implementation, 412 infrastructure projects in India, with investments of over Rs 150 crore each, have experienced cost overruns of more than Rs 4.77 lakh crore in August 2023. Out of a total of 1,762 projects, 830 were delayed.

412 Infra Projects Show Cost Overruns Of Rs 4.77 Lakh Crore In August: Official Report

As many as 412 infrastructure projects, each entailing an investment of Rs 150 crore or more, have been hit by cost overruns of more than Rs 4.77 lakh crore in August this year, an official report said. According to the Ministry of Statistics and Programme Implementation, which monitors infrastructure projects worth Rs 150 crore and above, out of 1,762 projects, 412 reported cost overruns and as many as 830 projects were delayed."The total origi…