 "The construction cost for developers has gone down with projects being completed within the timeframe, a source said")
As many as 1361 infrastructure projects being implemented across the country are faced with cost escalation of 20.16 per cent due to delay in commissioning.
The original cost of executing these projects was assessed at Rs 16.78 trillion. After evaluation, the cost of the projects stands revised at Rs 20.16 trillion, a report by CARE Ratings noted, sourcing data published by the infrastructure and project monitoring division of the Ministry of statistics & programme implementation.
Already, Rs 7.68 trillion or 38.1 per cent of the cost of the anticipated project has been incurred. Cost escalation is attributed to cost under-estimation, escalation in
