Mar 12 2018 | India Opportunities

Infra projects facing cost overrun to the tune of Rs 2 trillion

Due to delays and other reasons, more than 350 infrastructure projects, each worth Rs 1.5 billion and above are facing cost overrun to the tune of Rs 2.05 trillion. The Ministry of Statistics and Programme Implementation in its flash report for November, 2017 has indicated that the original project cost of 1289 projects is likely to increase from Rs 16.05 trillion to Rs 18.10 trillion. Four projects out of 1289 have reported completion, 297 are in delayed mode and 10 new projects have been initiated for monitoring by MoSPI.