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In April 2024, the Ministry of Statistics and Programme Implementation (MoSPI) disclosed cost overruns surpassing Rs 5.5 lakh crore in 448 infrastructure projects, marking a 12-month high ratio of 20.09%. Out of 1,838 projects valued at Rs 150 crore or more, original estimates totaled Rs 27,64,246.50 crore, but anticipated completion costs escalated to Rs 33,19,601.84 crore. Despite a decrease in delayed projects to 514, delays persist across 220, 192, 259, and 121 projects spanning 1-12, 13-24, 25-60, and over 60 months, respectively.
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Note: The above-mentioned news was first published by us in our ProjectX India | 15th June 2024 edition.. Get this issue or any of our editions by clicking here…
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