The cost of 384 infrastructure projects in the country increased by Rs 4.52 lakh crore, the report revealed
Infrastructure Projects: There has been a huge jump in the cost of the project being built in India. It is being said that this is happening due to rising inflation. According to a report, the cost of 384 infrastructure projects with an investment of more than Rs 150 crore has gone up to Rs 4.52 lakh crore.
Over Rs 150 crore investment
The Ministry of Statistics and Program Implementation has said in a report that out of 1,529 projects with investment proposals of more than Rs 150 crore, 384 projects have exceeded their stipulated cost. Apart from these, 662 projects are also running late.
21,25,851.67 crore at a cost of Rs.
In its report released for September 2022, the ministry said, “The total cost of implementation of 1,529 projects was estimated at Rs 21,25,851.67 crore, but now the total expenditure on completion of these projects is likely to be Rs 25,78,197.18 crore.” This shows that the cost of these projects has increased by Rs 4,52,345.51 crore which is 21.28 per cent more than the original cost.
What does the report say?
The report says that a total of Rs 13,78,142.29 crore had been spent on these infrastructure projects till September 2022, which is 53.45 percent of the total estimated cost. The number of projects running of late has been 662. The number of projects delayed by one to 12 months is 133 while 129 projects are delayed by more than five years. The average delay of these projects has been recorded as 42.08 months. According to the report, the major reasons for delays in infrastructure projects include delays in land acquisition, forest and environmental clearances and lack of infrastructural support. Apart from this, the lockdown imposed to overcome the coronavirus infection during the epidemic has also played an important role in this delay.
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