445 infra projects hits cost overrun of Rs 4.4 lakh crore

25 Jan 2022 CW Team

According to a report, 445 infrastructure projects with an investment of Rs 150 crore each have been hit by cost overruns of over Rs 4.4 lakh crore.

The Ministry of Statistics and Programme Implementation looks into the infrastructure projects of Rs 150 crore or more. Of 1,673 projects, 445 faced cost overruns, and 557 projects were delayed.

The Ministry said that the initial implementation cost of these projects was Rs 22,23,791.78 crore, and their anticipated cost is likely to be Rs 26,64,649.18 crore, with Rs 4,40,857.40 crore cost overruns.

As per the report, the expenditure incurred on these infrastructure projects is Rs 13,08,766.65 crore, which is 49.12% of the anticipated cost of the projects.

The number of delayed projects dropped to 420 if the delay is counted based on the latest schedule of completion.

As many as 838 projects have not been given the year of commissioning nor the tentative gestation period.

From the 557 delayed projects, 97 projects have an overall delay between 1-12 months, 127 projects have been delayed for 13-24 months, 217 projects for 25-60 months and 116 projects for 61 months or more. The average time overrun in these projects is 45.69 months.

Time overruns were due to the issue of land acquisition, delay in forest and environment clearances, lack of infrastructure support and linkages. Other reasons include project financing, delay in finalising detailed engineering, change in scope, delay in the tendering process, ordering and equipment supply, law and order problems and Covid-19 restrictions and state-wise lockdowns.

Image Source

Also read: China to rollout infra projects to combat economic slowdown

Also read: BRO develops Project Yojak in Himachal Pradesh to boost road infra

Infrastructure Transport

15 Sep 2025

Cabinet Approves Key Highway and Rail Projects in Bihar Region

The Union Cabinet on Wednesday approved the four-laning of the 84.2-km Mokama-Munger section of the Buxar-Bhagalpur high-speed corridor, a key industrial region in poll-bound Bihar. The Cabinet also sanctioned the doubling of the 177-km Bhagalpur-Dumka-Rampurhat railway line, which passes through Bihar, Jharkhand, and West Bengal, at a cost of Rs 31.7 billion.The Rs 44.5 billion highway project will be constructed under the hybrid annuity model, a variant of public-private partnership. The Mokama-Munger stretch was the only remaining two-lane section of the 363-km Buxar-Bhagalpur corridor. Fou..

NGT Issues Notice on Bengaluru Twin Tunnel Project

The National Green Tribunal (NGT) on Wednesday issued notices in response to a petition filed by Bengaluru Praja Vedike and others, challenging the Bengaluru twin tunnel road project. Petitioners claim the project was “hastily announced” and bypassed mandatory environmental impact assessment procedures.Notices have been served to the Karnataka Government, Greater Bengaluru Authority, State Environment Impact Assessment Authority (SEIAA), Bengaluru Smart Infrastructure Ltd (B-SMILE), the Union Ministry of Environment, Forest and Climate Change, and project consultants.The 16.74-km twin-tube..

India’s Residential Sales to Dip Slightly in FY26

Residential sales in India’s seven major cities are projected to decline by up to 3 per cent year-on-year in FY26 to 620–640 million square feet (msf), amid a moderation in sales velocity, according to ratings agency Icra.In FY25, sales stood at 643 msf, down 8 per cent YoY, following a sharp contraction in new launches and moderated demand in the affordable and mid-income segments. This slowdown came after the sector posted a robust compound annual growth rate of 26 per cent in area sales between FY22 and FY24.Icra noted: “Having seen a strong upcycle, the sector entered an equilibrium ..