Infra Projects: 800 infrastructure projects delayed, cost overrun of Rs 5.55 lakh crore

The government's focus remains on infrastructure and emphasis is being laid on completing the projects on time. Even after that, the cost of about 450 projects has increased tremendously due to delays.

Projects costing more than Rs 150 crore

A report by news agency PTI has cited official figures to explain the delayed projects and their impact. According to the report, government figures show that as of April 2024, 448 infrastructure projects in the country are late and their cost has increased more than before. These are projects whose cost is Rs 150 crore or more.

The Ministry of Statistics and Program Implementation monitors infrastructure projects costing Rs 150 crore or more.

The Ministry of Statistics and Program Implementation monitors infrastructure projects costing Rs 150 crore or more. After that, the ministry issues a report about the delayed projects and tells how much the cost has increased due to them.

Actually, infrastructure sector projects are sensitive to the prices of cement, sand and steel bars etc. The prices of all these raw materials keep fluctuating.

About 800 projects got delayed

According to the report, as per the data till April 2024, out of 1,838 projects costing Rs 150 crore or more, 792 projects are delayed. Due to the delay, the cost of 448 of those projects has increased. According to the ministry's data, the delayed projects have led to an increase of more than Rs 5.55 lakh crore in cost.

Cost increased by more than 20 percent

According to the ministry, the combined original cost of the 1,838 monitored projects was Rs 27,64,246.50 crore. However, now their cost has increased to Rs 33,19,601.84 crore. This means that their cost has increased by Rs 5,55,355.34 crore i.e. 20.09 percent. The average delay in the delayed projects is 35.4 months.

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