New Delhi - As many as 348 infrastructure projects, each worth Rs 150 crore or above, have shown cost overruns to the tune of over Rs 3 lakh crore owing to delays and other reasons, a report said.
The ministry of statistics and programme implementation monitors infrastructure projects worth Rs 150 crore and above.
“Total original cost of implementation of 1,351 projects was Rs 15,72,066.02 crore and their anticipated completion cost is likely to be Rs 18,72,201.51 crore, which reflects overall cost overruns of Rs 3,00,135.49 crore (19.09 per cent of original cost),” the ministry’s latest report for May 2018 said.
Of these 1,351 projects, 348 reported cost overruns and 263 time escalation.