Infra projects report cost overrun of Rs.3.16 tn
01 May 2019
Nearly 344 infrastructure projects, each worth Rs 1.5 bn or more, have shown a cost overrun to the tune of over Rs 3.16 tn owing to delays, as per the Ministry of Statistics and Programme Implementation’s recent report. Of the 1,424 projects, 344 have reported cost overruns and 384 time escalation. The expenditure incurred on these projects till December 2018 has been Rs 8,069.9 bn, which is 37.82 per cent of the anticipated cost of the project.
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