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470 infra projects report 'cost overrun' of Rs 4.38L cr

  •   Sun, May 30 2021 01:35:02 PM

New Delhi, May 30 (IANS): As many as 470 infrastructure projects reported cost overrun of over Rs 4.38 lakh crore as of May 1, 2021.

The Flash Report on Central sector projects for April published by the Ministry of Statistics and Programme Implementation showed that 525 projects are running behind schedule.

Out of the 1,737 projects, only 11 projects are ahead of schedule, 213 are on schedule, showed the report.

"Total original cost of implementation of the 1737 projects was 22,33,409.53 crore and their anticipated completion cost is likely to be 26,71,440.77 crore, which reflects overall cost overruns of 4,38,031.24 crore (19.61 per cent of original cost)," it said.

The expenditure incurred on these projects till April 2021 is just over Rs 13.16 lakh crore, which is 49.26 per cent of the anticipated cost of the projects, as per the ministry's report.

It, however, added that the number of delayed projects decreases to 375 if the delay is calculated on the basis of the latest schedule of completion. Further, for 988 projects neither the year of commissioning nor the tentative gestation period has been reported.

 

 

 

 
  

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Comment on this article

  • Jossey Saldanha, Nallasopara

    Sun, May 30 2021

    Blame it all on Corrupt Politicians ...

    DisAgree Agree [2] Reply Report Abuse

  • Sameer, Riyadh

    Sun, May 30 2021

    Cost overrun of 4.38 lakh crore which is 19.61 per cent of original cost.... Public/Tax payers money goes down the drain. "The Modi-government has stuck to its plan to borrow Rs 12 lakh crore this fiscal as it gave the details of its Rs 4.38 lakh crore borrowing plan for October to March 2021 even as analysts warned of a revenue shortfall in the pandemic-ravaged economy." "The fiscal deficit has touched 109.3 per cent of the annual target estimated in the budget during April-August." This will lead to 'Sabka Saath Sabka Vinaash'.

    DisAgree Agree [2] Reply Report Abuse


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Title: 470 infra projects report 'cost overrun' of Rs 4.38L cr



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