Cost overruns of infra projects crosses Rs.4-tn mark
01 Feb 2020
As many as 388 infrastructure projects, each worth Rs.1.50 bn or more, have been hit by cost overruns of more than Rs.4 tn owing to delays and other reasons, as per a report. Of 1,636 projects, 388 projects reported cost overruns and 563 projects reported time escalation. As per the report, the expenditure incurred on these projects till October 2019 isĀ Rs.10.32 tn, which is 43.86 per cent of the anticipated cost of the projects. The average time overrun in these 563 delayed projects is 38.74 months.
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