New Delhi: Infrastructure projects worth ₹150 crore or higher recorded a cumulative cost overrun of ₹5.6 lakh crore as of April, according to a monthly government report released Monday.The total revised cost of 1,981 projects reached ₹42.8 lakh crore, up from the original estimate of ₹37.1 lakh crore.The report did not mention the number of projects experiencing cost overruns. The projects are monitored across 17 central ministries/departments by the ministry of statistics and programme implementation (MoSPI)."The cumulative expenditure incurred on these projects stands at ₹20.36 lakh crore, accounting for approximately 47.59% of the revised project cost, indicating steady progress in project implementation," the ministry said in a statement.The ongoing projects include 814 mega projects, each costing ₹1,000 crore or more, with an original estimated value of ₹31.6 lakh crore. It also includes 1,167 major projects valued between ₹150 crore and ₹1,000 crore, collectively estimated at ₹5.5 lakh crore.
Big infra projects clock Rs 5.6 lakh crore cost overrun
Major infrastructure projects in India have seen significant cost overruns. Projects valued at ₹150 crore or more have collectively exceeded their original budgets by ₹5.6 lakh crore. The total revised cost for 1,981 projects now stands at ₹42.8 lakh crore. Despite these overruns, expenditure on these projects indicates steady implementation progress.
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