441 infrastructure projects have been hit by cost overruns

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441 infrastructure projects have been hit by cost overruns

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As on September 1, total original cost of implementation of the 1,661 infrastructure projects (worth Rs 150 crore and above) was Rs 20.90 lakh crore and their anticipated completion cost is likely to be Rs 25.26 lakh crore, which reflects overall cost overruns of Rs 4.35 lakh crore.
Niti Kiran

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Out of the 1661 projects, 9 projects are ahead of schedule, 206 are on schedule, 539 are delayed, 441 projects reported cost overrun and 211 projects reported both time and cost overrun with respect to their original project implementation schedules.

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The expenditure incurred on these projects till August 2020 is Rs 11.5 crore, which is 45.47 per cent of the anticipated cost of the projects.

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Out of 539 delayed projects, 128 projects have overall delay in the range of 1 to 12 months, another 128 projects have delay in the range of 13-24 months, 167 projects have delay in the range of 25-60 months and 116 projects have delay of 61 months and above.

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Of the 539 delayed projects, a majority, 154, belonged to the Railways, followed by Road Transport and Highways and Petroleum with 144 and 68 projects each.
Story: Niti Kiran
Design: Pragati Srivastava