Delay of infrastructure projects leads to cost overrun of over Rs 1.7 lakh crore

There are about 322 infrastructure projects in India, each worth Rs 150 crore or above, that have suffered cost overrun of Rs 1.71 lakh crore due to delays and other reasons as of March 2017, according to a report released by the Ministry of Statistics and Programme Implementation. The total number of infrastructure projects is 1,231.
  
“The total original cost of implementation of the 1,231 projects was Rs 15.59 lakh crore and their anticipated completion cost is likely to be Rs 17.31 lakh crore, which reflects overall cost overruns of Rs 1.71 lakh crore (11% of the original cost),” the report states. There are 105 projects that have been impacted by both time and cost overruns with respect to original implementation schedules.  “The number of delayed projects decreases to 233 if delay is calculated with reference to the latest revised schedule of completion,” the report adds.
 
It further states that out of the 327 delayed projects, 63 projects have an overall delay in the range of 1-12 months, 67 projects have delay in the range of 13-24 months, 119 projects have delay in the range of 25-60 months, and 78 projects have delay of 61 months and above.