Home / Business and Economy / India Infra Projects Face Rs 5.65 Lakh Crore Cost Overrun
India Infra Projects Face Rs 5.65 Lakh Crore Cost Overrun
25 May
Summary
- 1,981 central sector projects exceed Rs 150 crore each.
- Total cost overrun reaches Rs 5.65 lakh crore as of April.
- Transport and logistics sector leads in project numbers and costs.
As of April, central sector infrastructure projects, each exceeding Rs 150 crore in value, have reported a cumulative cost overrun totaling Rs 5.65 lakh crore. The Ministry of Statistics and Programme Implementation monitors 1,981 such projects, with their revised total cost now standing at Rs 42.78 lakh crore. These projects have seen Rs 20.36 lakh crore expended, indicating steady progress.
The Transport & Logistics sector spearheads these initiatives, encompassing 1,459 projects with a revised cost of Rs 23.34 lakh crore. The Ministry of Road Transport & Highways alone manages 1,137 projects, representing a substantial portion of the national infrastructure development efforts.
Overall, 801 projects have achieved over 80 percent physical progress, and 277 have surpassed 80 percent financial completion. The energy sector follows transport, with 221 projects and a revised cost of Rs 11.30 lakh crore, underscoring continued investment in oil, gas, and electricity infrastructure.
