458 Indian infrastructure projects experienced Rs 5.71 lakh crore cost overruns, with 831 projects delayed by an average of 35.1 months.
458 Indian infrastructure projects worth Rs 150 crore or more have experienced cost overruns of over Rs 5.71 lakh crore, according to the Ministry of Statistics and Programme Implementation. Out of 1,817 monitored projects, 458 reported cost overruns, and 831 projects were delayed. The total original implementation cost was Rs 27.58 lakh crore, with an anticipated cost escalating to Rs 33.29 lakh crore—a 20.70% overrun. Common reasons for delays include land acquisition issues, environmental clearances, financial constraints, and manpower shortages. The average delay for 831 delayed projects is 35.1 months.
June 23, 2024
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