462 infra projects witness cost overrun till March 2021: MoSPI

by Nidhi Bhati

The Ministry of Statistics & Programme Implementation (MoSPI) monitors infrastructure projects worth Rs.1.5 billion and above. Of the 1,737 such projects, 462 reported cost overrun of over Rs.4.4 trillion till March 2021. 557 projects reported time overrun. The MoSPI has attributed the time overrun to a host of issues including delay in land acquisition, forest or environment clearance, lack of infrastructure support and linkages, supply of equipment, fund constraints, geological surprises, change in scope, delay in tendering, shortage of labour, contractual issues, state-wise lockdown due to Covid-19, legal cases and law and order situation. Expenditure incurred on the 1,737 projects till March 2021 is around Rs.13.1 trillion, which is 48.9 per cent of the anticipated cost of the projects.

References
1. https://economictimes.indiatimes.com/news/economy/infrastructure/462-infrastructure-projects-show-cost-overruns-worth-rs-4-36-lakh-crore/articleshow/82351970.cms