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Around 393 infra projects records cost overruns of Rs 4.65 trillion

Monday, 26 Sep 2022
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As many as 393 infrastructure projects, each entailing an investment of Rs 150 crore or more, have recorded a cost overrun of more than Rs 4.65 lakh crore. 
 
Out of 1,526 projects, 393 reported cost overruns and as many as 647 projects were delayed. 
 
The total original cost of implementation of 1526 projects was Rs 21,26,460.93 crore and their anticipated completion cost is likely to be Rs 25,91,823.45 crore. 
 
The expenditure incurred on these projects till August 2022 was Rs 13,60,645.94 crore. Further, around 607 projects neither the year of commissioning nor the tentative gestation period has been reported. 
 
As many as 647 projects have been delayed. The reasons for time overruns as reported by various project implementing agencies include delay in land acquisition, delay in obtaining forest and environment clearances, and lack of infrastructure support and linkages, among others.
 
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