Guess how much delay would cost? Rs 1.66 crore in the case of 287 infrastructure projects, which were delayed due to various issues.
All these are mega projects worth Rs. 150 crore or above each.
According to the Statistics Ministry’s latest flash report for December 2016, total original cost of implementation of 1,186 projects was Rs.14,60,099.70 crore and their anticipated completion cost is likely to be Rs 16,26,445.47 crore, which reflects a cost overrun of Rs 1,66,345.77 crore (11.39 per cent of the original cost).
“In April 2016, out of 1,061 projects on the monitor of this ministry, 241 reported cost and 326 time overrun while during December 2016, out of 1,186 projects, 287 reported cost and 336 time overrun,” the report said.
When compared to April 2016, the number of projects reporting cost overrun has increased to 24.20 per cent from 22.71 per cent earlier whereas those facing time delay are down to 28.33 per cent from the previously 30.73 per cent