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403 infra projects show cost overruns of over Rs 4.05 trillion: Report

Reasons for overruns are delay in land acquisition, delay in obtaining forest/environment clearances and lack of infrastructure support & linkages.

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The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.

Press Trust of India New Delhi
As many as 403 infrastructure projects, each worth Rs 150 crore or more, have been hit by cost overruns of over Rs 4.05 trillion owing to delays and other reasons, according to a report.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
Of the 1,686 such projects, 403 reported cost overruns and 530 time escalation.
"Total original cost of implementation of the 1,686 projects was Rs 20,66,771.94 crore and their anticipated completion cost is likely to be Rs 24,71,947.66 crore, which reflects overall cost overruns of 4,05,175.72 crore (19.60 per cent of original cost)," the

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First Published: Jul 26 2020 | 1:17 PM IST

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