Cost overruns for 393 infrastructure projects total Rs 4.65 trillion

Cost overruns of more than Rs 4.65 trillion have affected 393 infrastructure projects, each requiring an expenditure of at least Rs 1.5 billion. Out of 1,526 projects, 393 reported cost overruns while as many as 647 projects were delayed, according to the Ministry of Statistics and Programme Implementation, which oversees infrastructure projects costing Rs 1.5 billion and above. The 1526 projects' total estimated completion cost is likely to reflect overall cost overruns of Rs 4653.6 billion. The 1526 projects' total initial cost of implementation was Rs 21264.6 billion. Also read: Gadkari lays foundation for 8 road projects in East Godavari NHAI seeks bids for Punjab’s Memmadpur-Banur-Kharar Corridor