As many as 343 infrastructure projects, each worth Rs 150 crore or above, have shown cost overrun of Rs 2.23 lakh crore owing to delays and other reasons, a report said.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore and above.
“Total original cost of implementation of the 1,332 projects was Rs 16,26,675.52 crore and their anticipated completion cost is likely to be Rs 18,49,766.91 crore, which reflects overall cost overruns of Rs 2,23,091.39 crore (13.71 per cent of original cost),” the ministry's latest report for April 2018 said.
Of these 1,332 projects, 343 reported cost overrun and 253 time escalation.
According to the report, the expenditure incurred on these projects till April 2018 is Rs 6,63,109.75 crore, which is 35.85 per cent of the anticipated cost of the projects.