Cost of 458 infrastructure projects increased by 5.71 lakh crores, this is why this happened
According to the report, till May 2024, Rs 1707190.15 crore has been spent on these projects, which is 51.3 percent of the total estimated cost. However, the ministry has said that if the projects are seen according to the latest deadline for completion, the number of delayed projects will come down to 554. The average delay in these 831 projects is 35.1 months.
The cost of 458 infrastructure projects costing Rs 150 crore or more has risen by more than Rs 5.71 lakh crore since the estimate in May this year. According to the report, the cost of these projects has risen as a result of delays and other factors.
The Ministry of Statistics and Programme Implementation monitors infrastructure projects worth Rs 150 crore or more. According to the ministry's May 2024 report, 458 of the 1,817 such projects have increased in cost, while 831 are behind schedule.
According to the report, the original cost of implementation of these 1,817 projects was Rs 27,58,567.23 crore but now it is estimated to increase to Rs 33,29,647.99 crore. This shows that the cost of these projects has increased by 20.70 percent i.e. Rs 5,71,080.76 crore.
According to the report, till May 2024, Rs 17,07,190.15 crore has been spent on these projects, which is 51.3 percent of the total estimated cost. However, the ministry has said that if the projects are seen as per the recent deadline for completion, the number of delayed projects will come down to 554.
The report said that out of the 831 delayed projects, 245 projects are delayed by one month to 12 months, 188 projects are delayed by 13 to 24 months, 271 projects are delayed by 25 to 60 months and 127 projects are delayed by more than 60 months. The average delay in these 831 projects is 35.1 months.
