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Over 300 infra projects show mounting cost of Rs 2.23 lakh cr

Thursday, 06 Sep 2018
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As many as 343 infrastructure projects worth Rs 150 crore or above have shown cost overrun of Rs 2.23 lakh crore, due to delays and other reasons.

The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above. The total original cost of implementation of the 1,332 projects was Rs 16.26 lakh crore and their anticipated completion cost is likely to be Rs 18.49 lakh crore, which reflects overall cost overruns of Rs 2.23 lakh crore.

Of these 1,332 projects, 343 reported cost overrun and 253 time escalation. The expenditure incurred on these projects till April 2018 is Rs 6.63 lah crore, which is 35.85 percent of the anticipated cost of the projects.

For 634 projects neither the year of commissioning nor the tentative gestation period has been reported. Out of 253 delayed projects, 59 projects have overall delay in the range of one to 12 months, 48 (13-24 months), 76 projects (25-60 months) and 70 projects (61months and above).

The time overrun of the project is due to many reasons like delay in land acquisition, forest clearance, supply of equipment, fund constraint, Maoist incursion, legal cases and law and order situation.

 
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